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Takeovers Act 1993

Investigation and enforcement - Other court orders - Management bans

44H: Offence of contravening management banning order

You could also call this:

"Breaking a management banning order is a serious crime"

Illustration for Takeovers Act 1993

If you break a management banning order under section 44F, you commit an offence. You can be sent to prison for up to 3 years or fined up to $100,000, or both. This is a serious penalty for not following the rules of a management banning order.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM326706.

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Topics:
Crime and justice > Criminal law
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44G: Terms of management banning orders, or

"What is a management banning order and how it stops people from managing companies"

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44I: Only 1 management banning order may be made for same conduct, or

"You can only get one order for doing something wrong once."

Part 3Investigation and enforcement
Other court orders: Management bans

44HOffence of contravening management banning order

  1. An individual who acts in contravention of a management banning order under section 44F commits an offence and is liable on conviction to imprisonment for a term not exceeding 3 years or to a fine not exceeding $100,000, or to both.

Notes
  • Section 44H: inserted, on , by section 24 of the Takeovers Amendment Act 2006 (2006 No 48).
  • Section 44H: amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).