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Takeovers Act 1993

Investigation and enforcement - Other court orders - Orders to preserve assets to satisfy claims

44P: Offence

You could also call this:

"Breaking a court order is an offence and can lead to fines or imprisonment."

Illustration for Takeovers Act 1993

You commit an offence if you break a court order made under section 44M or section 44N that applies to you. If you are an individual and you commit this offence, you can be imprisoned for up to 3 years or fined up to $100,000, or both. If you are a body corporate and you commit this offence, you can be fined up to $300,000.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM326732.

This page was last updated on — View changes

Topics:
Crime and justice > Courts and legal helpCrime and justice > Criminal law
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44O: Relationship with other law, or

"How the Takeovers Act works with other laws"

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44PA: Time limit for commencing proceedings for offence under section 44H, 44J, or 44P, or

"Time limit to charge someone with a takeover offence"

Part 3Investigation and enforcement
Other court orders: Orders to preserve assets to satisfy claims

44POffence

  1. A person commits an offence who contravenes an order by the court under section 44M or section 44N that is applicable to the person and is liable on conviction,—

  2. in the case of an individual, to imprisonment to a term not exceeding 3 years or to a fine not exceeding $100,000, or both:
    1. in the case of a body corporate, to a fine not exceeding $300,000.

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