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Companies Act 1993

Accounting records and financial reporting - Financial reporting

199: Determining number of shareholders

You could also call this:

“How to count shareholders for company records”

When a company needs to figure out how many shareholders it has for accounting and financial reporting, they count the number of people who own voting shares at the start of the accounting period. This count happens on the first day of the period.

If more than one person owns the same group of shares together, you only count them as one shareholder, not as separate people.

This rule is used for a specific part of the Companies Act 1993 and also for section 208 of the same act.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM320887.

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198: Interpretation, or

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Part 11 Accounting records and financial reporting
Financial reporting

199Determining number of shareholders

  1. For the purposes of this subpart and section 208, the number of shareholders that a company has, in relation to an accounting period, is the number of shareholders that hold voting shares as at the close of the first day of the period.

  2. Joint holders of a parcel of shares must be counted as a single shareholder.

Notes
  • Section 199: replaced, on , by section 30 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).