Companies Act 1993

Approval of arrangements, amalgamations, and compromises by court

239: Application of section 233

You could also call this:

“Rules for compromises approved under section 236”

You need to know that the rules in section 233 also apply to any compromise that gets approved under section 236. However, these rules might need to be changed a little bit to fit the compromise situation. The court can make these changes as needed to make sure the rules work properly for the compromise.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321190.

Topics:
Business > Industry rules
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238: Parts 13 and 14 not affected, or

“Court approval for company mergers and agreements remains available alongside other methods”


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239A: Objects of this Part, or

“This part explains how to help struggling companies survive or wind down fairly”

Part 15 Approval of arrangements, amalgamations, and compromises by court

239Application of section 233

  1. The provisions of section 233 shall apply with such modifications as may be necessary in relation to any compromise approved under section 236.