This bill amends the Companies Act 1993 to clarify the minority buy-out provisions for dissenting shareholders in times of a special resolution. The objective is to improve the practical operations of the minority buy-out regime to ensure that it functions efficiently, cost-effectively, and appropriately.
There have been 5 submissions on this bill.
Bill Events
| Event | Date | |
|---|---|---|
| Royal Assent | 16 Sep 2008 | |
| Third Reading | 5 Sep 2008, 5 Sep 2008 (resumed) |
Bill read a third time. |
| In Committee | 5 Sep 2008 | Bill reported with amendment. Report adopted. |
| Second Reading | 5 Sep 2008 | |
| SC Reports | 27 May 2008 | The Commerce Committee reported on this bill. View the bill as reported from the Commerce Committee at the New Zealand Legislation website. |
| Submissions Due | 29 Feb 2008 | |
| First Reading | 13 Dec 2007 | Bill read a first time. Bill referred to the Commerce Committee. |
| Introduction | 7 Nov 2007 | Lianne Dalziel was the member in charge of this Government bill. View the bill at introduction at the NZ Legislation website. |
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