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NZL-1993-L-91130
Breadcrumb
Title_of_text
Companies Act 1993 (1993 No 105).
Main Region
First Region
Country(ies)
New Zealand
Subjects (Classification)
Civil, commercial and family law
Adopted on (Date of text)
1993-09-28
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
Abstract/Citation
An Act to reform the law relating to companies, and, in particular:
(a) to reaffirm the value of the company as a means of achieving economic and social benefits through the aggregation of capital for productive purposes, the spreading of economic risk, and the taking of business risks; and
(b) to provide basic and adaptable requirements for the incorporation, organisation, and operation of companies; and
(c) to define the relationships between companies and their directors, shareholders, and creditors; and
(d) to encourage efficient and responsible management of companies by allowing directors a wide discretion in matters of business judgment while at the same time providing protection for shareholders and creditors against the abuse of management power; and
(e) to provide straightforward and fair procedures for realising and distributing the assets of insolvent companies
Electronic region
Electronic source title
Statutes of New Zealand
Author
Parliamentary Counsel Office
Publisher
Government of New Zealand
URL
http://www.legislation.govt.nz
File
NZL91130 2019.pdf (PDF of Act as at 1/1/2019)