Section 347 — Companies Act 1993: Overseas companies that cannot be registered

347 Overseas companies that cannot be registered (1) An overseas company must not be registered as a company under this Act if— (a) The company is in liquidation; or (b) A receiver or manager has been appointed, whether by a court or not, in relation to the property of the company; or (c) The company has entered into a compromise or arrangement with a creditor that is in force; or (d) An application has been made to a court, whether in New Zealand or in another country,— (i) To put the company into liquidation or wind it up; or (ii) For the approval of a compromise or arrangement between the company and a creditor— and has not been dealt with. (2) An overseas company must not be registered as a company under this Act unless the overseas company would, immediately after becoming registered under this Act, satisfy the solvency test. Compare: Corporations Act 1989 (Aust) s 134