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Screenshot of a breaking news alert e-mail from Q2 2017
ASIC has cancelled the Australian Financial Services (AFS) licence of corporate advisory and venture capital firm ICBC Capital Pty Ltd (in liquidation) (ACN140 629 296). ICBC was formerly known as Komodo Capital Pty Ltd.
ASIC took this action as ICBC had been placed in liquidation by the Supreme Court of New South Wales on March 18, 2016. The application to place ICBC in liquidation was made by a creditor of the company on the basis that ICBC was insolvent.
As a consequence of this cancellation, ICBC is no longer able to provide financial services that it was previously authorised to provide under the AFS licence No. 344234.
Similarly, any authorised representative of ICBC is also unable to continue to provide financial services under ICBC’s AFS licence.
The AFS licence was cancelled on June 1, 2016.