Plain language law

New Zealand law explained for everyone

Companies Act 1993

Voluntary administration - Watershed meeting

239AV: When watershed meeting must be held

You could also call this:

“Timing for holding a watershed meeting after the convening period ends”

You must hold the watershed meeting within 5 working days after the end of the convening period or extended convening period. The convening period is the time given to prepare for the meeting. If this period was extended, you need to use the end date of the extended period to count your 5 working days.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321547.

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Part 15A Voluntary administration
Watershed meeting

239AVWhen watershed meeting must be held

  1. The watershed meeting must be held within 5 working days after the end of the convening period or extended convening period, as the case may be.

Compare
  • Corporations Act 2001 s 439A(2) (Aust)
Notes
  • Section 239AV: inserted, on , by section 6 of the Companies Amendment Act 2006 (2006 No 56).