Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
27: Effect of Act on company having constitution
or “How a company's constitution interacts with the Companies Act”
You could also call this:

“Companies without a constitution are governed by the Companies Act”

If your company doesn’t have a constitution, don’t worry! The Companies Act 1993 has got you covered. This act sets out all the rights, powers, duties, and obligations for your company, its board, each director, and every shareholder. It’s like a rulebook that everyone in the company needs to follow. You don’t need to create your own set of rules because the act provides everything you need to run your company properly.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: 29: Form of constitution

or “Rules for what counts as a company's constitution”
Next

Part 5 Company constitution

28Effect of Act on company not having constitution

  1. If a company does not have a constitution, the company, the board, each director, and each shareholder of the company have the rights, powers, duties, and obligations set out in this Act.