Companies Act 1993

Schedule 2: Sections of this Act that confer powers on directors that cannot be delegated

You could also call this:

"Rules that only company bosses can do, not their workers"

The Companies Act 1993 has some rules that only directors can do. You can find these rules in sections like section 23(1)(c), which is about changing a company's name, and section 42, which is about issuing shares.

These rules also include things like section 49, which is about the consideration for issuing options and convertible financial products, and section 52, which is about distributions.

You can read about all these rules in the different sections of the Act, such as section 187 about changing a registered office, and section 221 about approving an amalgamation proposal.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM323508.



2Sections of this Act that confer powers on directors that cannot be delegated Empowered by s 130

  • section 23(1)(c) (which relates to the change of company names):
    1. section 42 (which relates to the issue of shares):
      1. section 44 (which relates to shareholder approval to the issue of shares):
        1. section 47 (which relates to the consideration for the issue of shares):
          1. section 49 (which relates to the consideration for the issue of options and convertible financial products):
            1. section 52 (which relates to distributions):
              1. section 54 (which relates to the issue of shares in lieu of dividends):
                1. section 55 (which relates to shareholder discounts):
                  1. section 60 (which relates to offers to acquire shares):
                    1. section 61 (which relates to special offers to acquire shares):
                      1. section 63 (which relates to stock exchange acquisitions subject to prior notice to shareholders):
                        1. section 65 (which relates to stock exchange acquisitions not subject to prior notice to shareholders):
                          1. section 69 (which relates to the redemption of shares at the option of a company):
                            1. section 71 (which relates to special redemptions of shares):
                              1. section 76 (which relates to the provision of financial assistance):
                                1. section 78 (which relates to special financial assistance):
                                  1. section 80 (which relates to financial assistance not exceeding 5% of shareholders' funds):
                                    1. section 84(4) (which relates to the transfer of shares):
                                      1. section 187 (which relates to a change of registered office):
                                        1. section 193 (which relates to a change of address for service):
                                          1. section 221 (which relates to the manner of approving an amalgamation proposal):
                                            1. section 222 (which relates to short form amalgamations).
                                              1. Notes
                                                • Schedule 2 paragraph (da): inserted, on , by section 23 of the Companies Amendment Act (No 2) 2004 (2004 No 24).
                                                • Schedule 2 paragraph (da): amended, on , by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).