Bills are proposed Acts
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Hon Lianne Dalziel
Government Bill
167—1
Explanatory note
1 Title
2 Commencement
Part 1Amendments to Companies Act 1993
3 Principal Act amended
4 Company may acquire its own shares
5 Cancellation of shares repurchased
6 Company may hold its own shares
7 New sections 112 to 112C substituted
112 Valuation of shares to be purchased by company
112A Share valuation referred to arbitration if shareholder objects to price
112B Interest payable on outstanding payments
112C Restrictions on, and timing of, transfer of shares
8 Purchase of shares by third party
9 Schedule 1 amended
Part 2Transitional provision and consequential amendments to other enactments
10 Application of amendments in Part 1
11 Amendment to Co-operative Companies Act 1996
12 Amendment to Overseas Investment Regulations 2005
The Parliament of New Zealand enacts as follows:
