New Zealand Legislation: Acts

284 Regulations

• (1) The Governor-General may from time to time, by Order in Council, make regulations—

  • (a) Prescribing the form of constitution for Maori incorporations; and

  • (b) Specifying matters in the constitution which may, by special resolution of the shareholders, be altered, added to, or replaced.

  (2) Without limiting the generality of subsection (1) of this section, regulations made under that subsection may provide for the following matters:

  • (a) The mode of summoning and holding general meetings of shareholders, including the circumstances in which a shareholder may be required to withdraw:

  • (b) The quorum at a general meeting of shareholders:

  • (c) The manner in which voting is to be carried out at a general meeting of shareholders:

  • (d) The appointment of proxies for the purposes of any meeting of shareholders:

  • (e) The circumstances in which proxies may or may not act at any meeting of shareholders:

  • (f) The matters that must be the subject of a special resolution and the quorum necessary for a particular resolution:

  • (g) The required majority to carry any particular special resolution:

  • (h) The carrying out of voting by postal vote or other method:

  • (i) The control of the common seal of the incorporation:

  • (j) The number of members of the committee of management and the manner in which those members are to be elected:

  • (k) The term of office of members of the committee of management:

  • (l) The filling of extraordinary vacancies in the membership of the committee of management:

  • (m) The number of shares that shall be the minimum share unit for the incorporation:

  • (n) The form of share transfer:

  • (o) The amendment of the share register:

  • (p) The suspension of registration of transfers and transmissions of shares:

  • (q) The inspection by shareholders of the books and records of the incorporation:

  • (r) The form of the share certificate:

  • (s) The form of the common seal:

  • (t) Any transitional provisions required in relation to Maori incorporations in existence on the commencement of this Act, which transitional provisions may provide for the continuation in force in relation to such Maori incorporations or any of them of provisions of Part 4 of the Maori Affairs Amendment Act 1967 or of any other enactment repealed by this Act:

  • (u) Such other matters as are not inconsistent with this Act or with law.

  Subsection (1) was substituted, as from 1 July 1994, by section 19 Te Ture Whenua Maori/Maori Land Amendment Act 1994 (1994 No 69).