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ASIC Disqualifies Four Directors for Small Business Mismanagement

ASIC Disqualifies Four Directors for Small Business Mismanagement
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Victorian director disqualified from managing corporations

Date Time
Victorian director disqualified from managing corporations
Andreas Exadactylos of Preston, Victoria, has been disqualified from managing corporations for two years for his involvement in two failed companies.
Between 2016 and 2020, Mr Exadactylos was a director of two companies, namely:
DJ Twins Pty Ltd (ACN 160 860 453) (DJ Twins); and
JD Beverages Pty Ltd (ACN 152 236 247) (JD Beverages).
DJ Twins and JD Beverages were involved in wholesale trade and accommodation and food services, respectively.
In regard to DJ Twins, ASIC found that Mr Exadactylos failed to:
understand the role and duties of a director;
exercise his duties as a director with due care and diligence; ....

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