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StatuteCompanies Act 1993

Section 239AEB — Companies Act 1993: Company must disclose fact of administration

Text of the provision Official document

239AEB Company must disclose fact of administration (1) A company must set out, in every document issued or signed by, or on behalf of, the company that evidences or creates a legal obligation of the company, after the company's name where it first appears,— (a) for as long as the company is in administration, the words “ administrator appointed ” ; and (b) for as a long as a deed of company arrangement is in force, the words “ subject to deed of company arrangement ” . (2) The Court may, on an application by the company, exempt the company from the requirement in subsection (1)(b). (3) A company that fails to comply with subsection (1) commits an offence and is liable on conviction to the penalty set out in section 373(1) . Compare: Corporations Act 2001 (Australia) s 450E Section 239AEB: inserted, on 1 November 2007, by section 6 of the Companies Amendment Act 2006 (2006 No 56).

Official source: legislation.govt.nz

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