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Companies Act 1993

Voluntary administration - Notices about steps taken under this Part

239ADZ: Deed administrator must give notice of failure to execute deed of company arrangement

You could also call this:

“Administrator tells everyone if company doesn't sign agreement on time”

If a company doesn’t sign a deed of company arrangement by the deadline, the deed administrator has to do two things quickly. First, you need to put a notice in the newspaper or another public place to let everyone know that the company didn’t sign the deed on time. Second, you have to send a copy of this notice to the Registrar, who keeps records of companies. This helps make sure that people know what’s happening with the company.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321639.

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239ADY: Deed administrator must give notice of execution of deed of company arrangement, or

“Deed manager must inform creditors, advertise, and notify officials when company arrangement becomes official”

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239AEA: Deed administrator must give notice of termination by creditors of deed of company arrangement, or

“Administrator must notify everyone when creditors end company arrangement”

Part 15A Voluntary administration
Notices about steps taken under this Part

239ADZDeed administrator must give notice of failure to execute deed of company arrangement

  1. If a company does not meet the deadline under section 239ACO or 239ACP(1)(c) for the execution of a deed of company arrangement, the deed administrator must as soon as practicable—

  2. cause a notice of the failure to execute the deed to be advertised in accordance with section 3(1)(a); and
    1. file a copy of the notice with the Registrar.

      Compare
      • Corporations Act 2001 s 450C (Aust)
      Notes
      • Section 239ADZ: inserted, on , by section 6 of the Companies Amendment Act 2006 (2006 No 56).
      • Section 239ADZ(a): amended, on , by section 58 of the Insolvency Practitioners Regulation (Amendments) Act 2019 (2019 No 28).