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Takeovers Act 1993

Investigation and enforcement - Other court orders - Management bans

44K: General provisions for bans and banning orders

You could also call this:

"Rules for Banning Company Managers"

Illustration for Takeovers Act 1993

When a management banning order is made under section 44F, the Registrar of the court must tell the Registrar of Companies and the Panel. The Registrar must also put a notice in the Gazette with the person's name and the ban details. You can find more information about this in the related sections. If you want to apply to the court under section 44G or section 44J, you must give the Panel at least 10 days' written notice. The Panel and other people can attend the court hearing and have their say. The court decides who can attend and be heard.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM326712.

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Part 3Investigation and enforcement
Other court orders: Management bans

44KGeneral provisions for bans and banning orders

  1. The Registrar of the court must, as soon as practicable after the making of a management banning order under section 44F,—

  2. give notice to the Registrar of Companies and the Panel that the order has been made; and
    1. give notice in the Gazette of the name of the person against whom the order is made and the period or dates for which the ban applies.

      1. A person intending to apply for the leave of the court under section 44G or section 44J must give to the Panel not less than 10 days' written notice of that person's intention to apply.

      2. The Panel, and any other person that the court thinks fit, may attend and be heard at the hearing of the application.

      Notes
      • Section 44K: inserted, on , by section 24 of the Takeovers Amendment Act 2006 (2006 No 48).