New Zealand Legislation: Regulations
Regulations are laws made under Acts
Schedule 6 | reg 25 |
The businesses or other activities in which the assets of the scheme may be used.
(1) The number and amount of each class of participatory securities that have been or may be issued in respect of the scheme.
(2) The liability of the holders of participatory securities to contribute to the scheme before the winding up thereof.
(3) The total amount of participatory securities that must be allotted before the commencement of the scheme.
The terms relating to the redemption, transfer, and transmission of the participatory securities.
(1) The circumstances in which the scheme shall or may be wound up, and the procedure therefor.
(2) The rights and liabilities of holders of participatory securities on and in the course of the winding up of the scheme.
The frequency of, procedure for convening and holding, the business to be conducted at, and the voting rights at meetings of holders of participatory securities.
(1) The terms relating to the appointment, remuneration, and removal from office of the manager of the scheme.
(2) The powers and duties of the manager of the scheme, including any borrowing powers.
The terms relating to the use or distribution of any surpluses of the scheme.
Schedule 6, clause 7 was amended, as from 1 October 1997, by regulation 97 Securities Amendment Regulations 1997 (SR 1997/151) by substituting the word “surpluses”
for the words “profits”
.
(1) The procedure to be adopted in the event of a vacancy in the office of statutory supervisor.
(2) The terms relating to the remuneration and costs of the statutory supervisor.
