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Companies Act 1993

Voluntary administration - Watershed meeting

239AT: Administrator must convene watershed meeting

You could also call this:

“Administrator must organise a watershed meeting within 20 working days”

The administrator has to organise a watershed meeting. You have to do this within 20 working days after you are appointed as the administrator. This 20-day period is called the convening period.

If you need more time, you can ask the court to make the convening period longer. You can ask for this extra time before or after the original 20 days are over.

If the court agrees, they can extend the convening period for you.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321545.

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Part 15A Voluntary administration
Watershed meeting

239ATAdministrator must convene watershed meeting

  1. The administrator must convene the watershed meeting within the convening period.

  2. The convening period is the period of 20 working days after the date on which the administrator is appointed, and includes any period for which it is extended under subsection (3).

  3. The court may, on the administrator's application, extend the convening period.

  4. The application to extend may be made before or after the convening period has expired.

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