ASIC has cancelled the Australian financial services (AFS) licence of Menon & Associates Pty Ltd (489130).
The licence was cancelled on the basis that Menon & Associates Pty Ltd is no longer carrying on a financial services business.
ASIC may cancel an AFS licence held by an individual if the person ceases to carry on a financial services business.
Menon & Associates Pty Ltd may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.
Background
Menon & Associates Pty Ltd has held AFS licence 489148 since 27 June 2017.
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