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Recent changes to the Companies and Limited Partnerships Acts / by Graeme Crombie and Emma Bowman

By: Crombie, Graeme.
Contributor(s): Bowman, Emma.
Series: Company and Securities Law Bulletin.Publisher: New Zealand Lexis Nexis, Edition: Issue 9, September 2014.Description: 79-83, 5 pages.Subject(s): Directors | Companies | Partnerships | Compliance | Companies Amendment Act 2014 -- New Zealand | Limited Partnerships Act 2014 -- New Zealand | Limited Partnerships Act 2008 -- New Zealand | Companies Act 1993 -- New ZealandSummary: Reviews recent changes to the Companies Act 1993 and the Limited Partnerships Act 2008, which arose from concerns that New Zealand companies were open to misuse for criminal purposes. Advises that the amendments increase the compliance obligations of companies and limited partnerships. Reveals the changes include new criminal offences for breaches of certain directors' duties.
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Reviews recent changes to the Companies Act 1993 and the Limited Partnerships Act 2008, which arose from concerns that New Zealand companies were open to misuse for criminal purposes. Advises that the amendments increase the compliance obligations of companies and limited partnerships. Reveals the changes include new criminal offences for breaches of certain directors' duties.

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