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Companies Act 1993

Voluntary administration - Notices about steps taken under this Part

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

You could also call this:

“Administrator must notify everyone when creditors end company arrangement”

When creditors decide to end a company’s arrangement, the person in charge of managing the deed (called the deed administrator) has some important jobs to do right away. They need to tell all the creditors that the arrangement is over by sending them a notice. They also need to let everyone know by putting an advertisement in the newspaper or online, following the rules in section 3(1)(a). Finally, they have to give a copy of the notice to the Registrar, who keeps official records. These steps help make sure everyone knows the arrangement has ended and keeps things official and proper.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM321640.

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

239AEADeed administrator must give notice of termination by creditors of deed of company arrangement

  1. If the creditors terminate the deed of company arrangement, the deed administrator must as soon as practicable—

  2. send a notice of the termination to each of the creditors; and
    1. advertise the termination in accordance with section 3(1)(a); and
      1. file a copy of the notice with the Registrar.

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