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Companies Act 1993

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Companies Act 1993

New Zealand Parliament
Long title An Act to reform the law relating to companies, and, in particular,— (a) to reaffirm the value of the company as a means of achieving economic and social benefits through the aggregation of capital for productive purposes, the spreading of economic risk, and the taking of business risks; and (b) to provide basic and adaptable requirements for the incorporation, organisation, and operation of companies; and (c) to define the relationships between companies and their directors, shareholders, and creditors; and (d) to encourage efficient and responsible management of companies by allowing directors a wide discretion in matters of business judgment while at the same time providing protection for shareholders and creditors against the abuse of management power; and (e) to provide straightforward and fair procedures for realising and distributing the assets of insolvent companies
Royal assent	28 September 1993
Status: Current legislation

The Companies Act is an Act of Parliament passed in New Zealand in 1993.

The Act regulates companies, and replaces the earlier Companies Act of 1955.

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