Plain language law

New Zealand law explained for everyone

Companies Act 1993

Directors and their powers and duties - Appointment and removal of directors

150: Number of directors

You could also call this:

“A company must have at least one director”

You need to make sure your company has at least one director. The law says that a company must have one or more directors. If you want to know more about this rule, you can look at section 10(d) of the Companies Act 1993.

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 It might be out of date or be missing some parts.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

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM320689.

Topics:
Business > Industry rules
Business > Starting a business
Previous

149: Restrictions on share dealing by directors, or

“Directors must follow rules when trading company shares”

Next

151: Qualifications of directors, or

“Who can be a company director”

Part 8 Directors and their powers and duties
Appointment and removal of directors

150Number of directors

  1. A company must have 1 or more directors (see section 10(d)).

Notes
  • Section 150: amended, on , by section 12 of the Companies Amendment Act 2014 (2014 No 46).