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.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM320133.
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.
