Plain language law

New Zealand law explained for everyone

Companies Act 1993

Voluntary administration - Preliminary

239D: When administration begins

You could also call this:

“When a company's voluntary administration process starts”

When a company goes into voluntary administration, it starts as soon as an administrator is appointed. This appointment happens under a specific part of the Companies Act 1993. The administrator is someone who takes over running the company during this time. You can think of it like a doctor coming in to help a sick person get better. As soon as the doctor (administrator) arrives, the treatment (administration) begins.

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 It might be out of date or be missing some parts.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=DLM321196.

Topics:
Business > Industry rules
Business > Fair trading
Previous

239C: Interpretation of other terms, or

“Explaining key terms used in the Companies Act 1993”

Next

239E: When administration ends, or

“Ways a company's voluntary administration can end”

Part 15A Voluntary administration
Preliminary

239DWhen administration begins

  1. The administration of a company begins when an administrator is appointed under this Part.

Compare
    Notes
    • Section 239D: inserted, on , by section 6 of the Companies Amendment Act 2006 (2006 No 56).