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Takeovers Act 1993

Investigation and enforcement - Enforcement by court - General

42: Court may require person to give evidence or produce documents relating to interests in financial products

You could also call this:

"Court can ask you to share information about your investments"

Illustration for Takeovers Act 1993

The court can ask you to give evidence or show documents about your interests in financial products. You might have to attend court and answer questions on oath or affirmation. You might have to show documents you have or control. The court can make this order if someone asks for it, and that someone is part of the application. This is so the court can find out if you have any interests in financial products in a code company. You might have direct or indirect interests in these products.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM326368.

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Part 3Investigation and enforcement
Enforcement by court: General

42Court may require person to give evidence or produce documents relating to interests in financial products

  1. The court may, in any application under this subpart, for the purpose of ascertaining whether any person—

  2. has or had any direct or indirect interest in or right to any financial product in the code company concerned; or
    1. has or had any direct or indirect right to exercise any voting rights attaching to any such financial product,—
        1. order any person to—
      1. attend before the court and be examined on oath or affirmation; or
        1. produce documents in that person's possession or under that person's control.

          1. An order under subsection (1) may be made on the application of any person who is a party to the application under this subpart.

          Notes
          • Section 42 heading: amended, on , by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).
          • Section 42(1): amended, on , by section 22(1) of the Takeovers Amendment Act 2006 (2006 No 48).
          • Section 42(1)(a): amended, on , by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).
          • Section 42(1)(a): amended, on , by section 17 of the Takeovers Amendment Act 2010 (2010 No 88).
          • Section 42(1)(b): amended, on , by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).
          • Section 42(2): amended, on , by section 22(2) of the Takeovers Amendment Act 2006 (2006 No 48).