Over 700 people banned by the Companies Office since 2017

Over 700 people banned by the Companies Office since 2017
(Image: Getty)
Ella Somers
The New Zealand Companies Office has put 705 directors in regulatory purgatory over the past five years.Its integrity and enforcement manager, Vanessa Cook, said the Companies Act had several provisions that allowed authorities to prohibit individuals from managing companies – or ban them altogether.Since 2017, she said 538 individuals have been prohibited under section 382 of the act. This prohibited people from managing companies if they’d been convicted of certain offences and automatically prohibited them from acting as a d...

More Law & Regulation

NZ promotor of global pyramid scheme convicted on five charges
Law & Regulation

NZ promotor of global pyramid scheme convicted on five charges

Investors in the 'Lions Share' scheme lost nearly $17 million worldwide.

'Unpaid' loan of $152,000 to Terry Serepisos now worth $2.5 million
Law & Regulation

'Unpaid' loan of $152,000 to Terry Serepisos now worth $2.5 million

The lender is seeking a summary judgment for repayment in the high court.

Greg Hurrell 22 Apr 2024
BNZ puts dairying consortium into receivership
Law & Regulation

BNZ puts dairying consortium into receivership

The Otago and Taupō farms of a dairying consortium put into receivership are being marketed as going concerns, says receiver Andrew Grenfell of McGrathNicol.Three dairy farms, one in Taupō and two in North Otago, are involved in the receivership of Waitonui Milltrust Agricultural...

Staff reporters 22 Apr 2024
Former Port of Auckland CEO Tony Gibson on trial
Law & Regulation

Former Port of Auckland CEO Tony Gibson on trial

The judge-alone trial is under way in the Auckland district court. 

Staff reporters 22 Apr 2024