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StatuteCompanies Act 1993

Section 239AET — Companies Act 1993: Guidelines for single administration order

Text of the provision Official document

239AET Guidelines for single administration order In deciding whether it is just and equitable to make an order under section 239AER , the Court must have regard to the following criteria: (a) the extent to which any of the companies took part in the management of any of the other companies in the proposed pool: (b) the conduct of any of the companies towards the creditors of any of the other companies in the proposed pool: (c) the extent to which the circumstances that gave rise to any of the companies in the proposed pool being placed in administration are attributable to the actions of any of the other companies: (d) the extent to which the businesses of the companies in the proposed pool have been combined: (e) any other matters that the Court thinks fit. Compare: 1993 No 105 s 272(2) Section 239AET: 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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