Co-operative Companies (Foodstuffs (South Island) Limited) Exemption Order 1998

  • revoked
  • Co-operative Companies (Foodstuffs (South Island) Limited) Exemption Order 1998: revoked, on 4 November 2013, by clause 5 of the Co-operative Companies (Foodstuffs South Island Limited) Exemption Order 2013 (SR 2013/422).

Reprint
as at 4 November 2013

Coat of Arms of New Zealand

Co-operative Companies (Foodstuffs (South Island) Limited) Exemption Order 1998

(SR 1998/252)

Michael Hardie Boys, Governor-General

Order in Council

At Wellington this 31st day of August 1998

Present:
His Excellency the Governor-General in Council

  • Co-operative Companies (Foodstuffs (South Island) Limited) Exemption Order 1998: revoked, on 4 November 2013, by clause 5 of the Co-operative Companies (Foodstuffs South Island Limited) Exemption Order 2013 (SR 2013/422).


Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

This order is administered by the Ministry of Business, Innovation, and Employment.


Pursuant to section 32 of the Co-operative Companies Act 1996, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, makes the following order.

Order

1 Title and commencement
  • (1) This order may be cited as the Co-operative Companies (Foodstuffs (South Island) Limited) Exemption Order 1998.

    (2) This order comes into force on the 28th day after the date of its notification in the Gazette.

2 Interpretation
  • (1) In this order, unless the context otherwise requires,—

    Act means the Companies Act 1993

    company means Foodstuffs (South Island) Limited, a co-operative company registered under the Co-operative Companies Act 1996

    specified shares means—

    • (a) redeemable preference shares:

    • (b) class B redeemable shares.

    (2) Any term or expression that is not defined in this order, but that is defined in the Act, has the meaning given to it by the Act.

3 Exemption
  • The company is exempted from sections 209 and 210, and paragraph (i) of Schedule 4, of the Act in respect of specified shares issued by the company.

Marie Shroff,
Clerk of the Executive Council.


Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order comes into force on the 28th day after the date of its notification in the Gazette. It exempts Foodstuffs (South Island) Limited, a company registered under the Co-operative Companies Act 1996, from sections 209 and 210, and paragraph (i) of Schedule 4, of the Companies Act 1993. The exemption applies only to redeemable preference shares and class B redeemable shares issued by the company.

The provisions in the Companies Act 1993 that the company is exempted from require the board to—

  • (a) send a copy of the annual report to every shareholder, unless that right is waived by a shareholder (section 209); and

  • (b) send financial statements to every shareholder who waives the right to receive the annual report (section 210); and

  • (c) include shareholder details in its annual return (Schedule 4, paragraph (i)).


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 3 September 1998.


Reprints notes
1 General
  • This is a reprint of the Co-operative Companies (Foodstuffs (South Island) Limited) Exemption Order 1998 that incorporates all the amendments to that order as at the date of the last amendment to it.

2 Legal status
  • Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment. Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, will have the status of an official version once issued by the Chief Parliamentary Counsel under section 17(1) of that Act.

3 Editorial and format changes
4 Amendments incorporated in this reprint
  • Co-operative Companies (Foodstuffs South Island Limited) Exemption Order 2013 (SR 2013/422): clause 5