342Liquidation of overseas company

1. An application may be made to the court for the liquidation of an overseas company in accordance with Part 16, subject to the modifications and exclusions set out in Schedule 9.

2. An application may be made under subsection (1) whether or not the overseas company—

3. is registered under this Part; or
4. has given public notice of an intention to cease to carry on business in New Zealand in accordance with section 341(1)(a); or
5. has given notice to the Registrar of the date on which it will cease to carry on business in New Zealand in accordance with section 341(1)(b); or
6. has objected as referred to in section 341(4)(a)(ii); or
7. has been dissolved, or otherwise ceased to exist as a company, under or by virtue of the laws of any other country.

8. An application may be made under subsection (1) whether or not the Registrar has acted under section 341(3) to (6).

Notes

• Section 342 heading: amended, on 24 July 2008, by section 13 of the Insolvency (Cross-border) Act 2006 (2006 No 57).
• Section 342(1): amended, on 24 July 2008, by section 13 of the Insolvency (Cross-border) Act 2006 (2006 No 57).
• Section 342(2)(ca): inserted, on 30 May 2017, by section 33(1) of the Regulatory Systems (Commercial Matters) Amendment Act 2017 (2017 No 12).
• Section 342(3): inserted, on 30 May 2017, by section 33(2) of the Regulatory Systems (Commercial Matters) Amendment Act 2017 (2017 No 12).