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Companies Act 1993

Voluntary administration - First creditors' meeting to appoint creditors' committee

239AP: Administrator must table documents at first creditors' meeting

You could also call this:

“Administrator must share key documents at initial creditors' meeting”

When you have the first meeting with the people your company owes money to, you need to show them some important papers. You must share a written agreement and a certificate that says you can be an administrator. You also need to give them a statement that tells them about any interests you might have that could affect your work. Lastly, you have to give them a notice that explains that administrators must have a licence, and that they can get more information about the rules for insolvency practitioners from the Registrar.

If you don’t show these papers at the meeting, you’re breaking the law. You could be found guilty of an offence and face a punishment. The specific punishment for this offence is explained in another part of the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321540.

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Part 15A Voluntary administration
First creditors' meeting to appoint creditors' committee

239APAdministrator must table documents at first creditors' meeting

  1. The administrator must table at the first creditors' meeting—

  2. the written consent and certificate required under section 239G; and
    1. an interests statement that complies with section 239APA; and
      1. a notice stating that administrators are required to be licensed, and that more information about the regulation of insolvency practitioners is available from the Registrar.

        1. A person who fails to comply with subsection (1)(a), (b), or (c) commits an offence and is liable on conviction to the penalty set out in section 373(2).

        Notes
        • Section 239AP: replaced, on , by section 14 of the Insolvency Practitioners Regulation (Amendments) Act 2019 (2019 No 28).