New Zealand Legislation: Supplementary Order Papers
Supplementary Order Papers (SOPs) are proposed amendments to Bills
Supplementary Order Papers (SOPs) are proposed amendments to Bills
This Supplementary Order Paper amends the Companies (Minority Buy-out Rights) Amendment Bill.
The amendments insert new clauses 8A and 13.
New clause 8A replaces section 122(5) of the Companies Act 1993. The effect of this amendment is to ensure that all shareholders who do not sign a special resolution that is required by section 106(1)(a) or (b) of the Companies Act 1993 are given notice of their rights under section 110 of that Act.
New clause 13 makes a minor consequential amendment to the Lawyers and Conveyancers Act (Lawyers: Nominee Company) Rules 2008.