Companies Amendment Act 1999
Companies Amendment Act 1999
Companies Amendment Act 1999
Companies Amendment Act 1999
| Public Act | 1999 No 19 |
| Date of assent | 26 April 1999 |
An Act to amend the Companies Act 1993
BE IT ENACTED by the Parliament of New Zealand as follows:
1 Short Title
This Act may be cited as the Companies Amendment Act 1999, and is part of the Companies Act 1993 (
“the principal Act”
).
2 Liability of shareholders
-
(1) This subsection substituted s 98(6)(a) of the principal Act.
3 Commencement of liquidation
This section substituted s 241(5) of the principal Act.
4 Commencement of liquidation to be recorded
This section inserted section 241A of the principal Act.
5 Interim liquidator
This section inserted s 246(4) to (6) of the principal Act.
6 Other duties of liquidator
Section 255(2) of the principal Act is amended—
(a) This paragraph amended s 255(2)(a)(ii) of the principal Act.
(b) This paragraph amended s 255(2)(d) of the principal Act.
7 Power to disclaim onerous property
This section substituted s 269(2) of the principal Act.
8 Transactions having preferential effect
-
(1) This subsection substituted s 292(5)(a) of the principal Act.
(2) Section 292(5) of the principal Act is amended—
(a) This paragraph amended s 292(5)(b) of the principal Act.
(b) This paragraph amended s 292(5)(c) of the principal Act.
(3) This subsection substituted s 292(6)(a) of the principal Act.
9 Voidable charges
10 Transactions at undervalue
-
(1) This subsection substituted s 297(3)(b)(i) of the principal Act.
(2) Section 297(3)(b) of the principal Act is amended—
(a) This paragraph amended s 297(3)(b)(ii) of the principal Act.
(b) This paragraph amended 297(3)(b)(iii) of the principal Act.
11 Transactions for inadequate or excessive consideration with directors and certain other persons
-
(1) This subsection substituted s 298(4)(a) of the principal Act.
12 Ascertainment of amount of claim
This section amended s 306(1) of the principal Act.
13 Claims relating to debts payable after commencement of liquidation
This section amended s 309(1) of the principal Act.
14 Mutual credit and set-off
-
(1) This subsection substituted s 310(6)(a) of the principal Act.
(2) Section 310(6) of the principal Act is amended—
(a) This paragraph amended s 310(6)(b) of the principal Act.
(b) This paragraph amended s 310(6)(c) of the principal Act.
(3) This subsection substituted s 310(7)(a) of the principal Act.
15 New sections inserted
This section inserted sections 310A to 310O of the principal Act.
17 Schedule 7 amended
-
[Repealed]
Section 17 was repealed, as from 1 April 2004, by section 16 Volunteers Employment Protection Amendment Act 2004 (2004 No 12).
18 Volunteers Employment Protection Act 1973 amended
This section amended s 15(1)(b) of the Volunteers Employment Protection Act 1973.
19 Customs and Excise Act 1996 amended
This section amended s 99(2)(b) of the Customs and Excise Act 1996.