Companies Act 1993

385A Appeals from FMA's exercise of power under section 385

• (1) A person who is aggrieved by the FMA's exercise of a power under section 385 may appeal to the court within 15 working days after the date that the notice is published in the Gazette under section 385(3), or within any further time as the court may allow.

  (2) On hearing the appeal, the court may approve the FMA's exercise of the power or may give any directions or make any determination in the matter that the court thinks fit.

  (3) Section 370 provides for appeals from the Registrar's acts or decisions under section 385.

  Section 385A: inserted, on 1 May 2011, by section 82 of the Financial Markets Authority Act 2011 (2011 No 5).