Published 5 September 2011 Banned franchising company director Campbell Spencer & his father, Neil Spencer, have been charged with breaches of the Companies Act and also under the Crimes Act. Also charged with them by the Ministry of Economic Development’s national enforcenemtn unit is Leon Norris, who took over as director of Campbell Spencer’s company […]
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Quinlivan fails to overturn Australian ban as director
Published 26 August 2011 Former Queensland property marketer & developer Dudley Quinlivan, 67, has failed in a bid to overturn a 5-year ban from being a company director. After bad publicity in Queensland, Mr Quinlivan & his family brought their business to New Zealand several years ago. He remains registered here as a director of […]
Read more →Banned directors, and their details
Published 17 February 2010 The Ministry of Economic Development said last week it had bumped up the number of company directors banned from holding office to 31 in 2009, 24 of them after policy changes that took effect in May. Since that announcement I’ve managed to get the ministry to update a few of […]
Read more →New approach lifts number of banned directors
Published 9 February 2010 The national enforcement unit of the Ministry of Economic Development bumped bans on company directors up from 19 in 2008 to 31 last year, largely the result of a changed approach to dealing with directors in multiple company failures. The ministry used to undertake a full investigation – often with […]
Read more →Charges follow 2006 investment proposal for The Gables at Coatesville
The Registrar of Companies has laid criminal charges in the Timaru District Court against company directors Neville Cant & Rhys Morgan, Combined Financial Services Ltd & Investment Management Ltd. They’re due to appear in the Timaru District Court on Wednesday 5 August. The charges, under the Securities Act, relate to securities offered & allotted […]
Read more →Government stand requires retailers to prove legality of kwila
Published 5 November 2008 Forestry Minister Jim Anderton announced a stand against illegal overseas logging last week, introducing a requirement for retailers to clearly display whether they have information about the legality of their kwila/merbau timber & timber products. “The new scheme will require all retailers & merchants of products made from kwila (also […]
Read more →Chevin fights back as ministry details his banning order
Published 17 February 2008 The Registrar of Companies banned Columbard developer Peter Chevin on 8 February from the management of companies for the next 4 years (the decision was initially reported in part 2 of this week’s U column). The ministry’s national enforcement unit alleged 3 issues of mismanagement against Mr Chevin when it […]
Read more →Clampdown on phoenix companies
Published 7 November 2007Amendments to the Companies Act which came into force on 1 November will make it harder for directors to create phoenix companies. The Ministry of Economic Development said yesterday a number of provisions had been introduced in the Companies Amendment Act 2006 to deal with phoenix companies. The amendments prohibit a person […]
Read more →Another round of discussion opens on reining in incompetent & shareholder-friendly liquidators
Published 15 October 2006 Commerce Minister Lianne Dalziel issued a statement on Friday 13 October, Insolvency practitioners rules up for discussion, which read like something new was happening. The discussion document she was announcing even went so far as to suggest it contained “draft proposals for changes to the Companies Act 1993”. What the document […]
Read more →LAQC partners fined $256,000 for breaching reporting requirements
Published 16 July 2006 The Ministry of Economic Development said on Tuesday the partners in 2 film production companies had been fined a total $256,000 for breaches of the Financial Reporting Act, as LAQCs which hadn’t properly filed financial statements for 2004 & 2005. The partners in 4T Production Partnership No 1 & 4T Production […]
Read more →5 barred from company management for roles in 2003 buyback schemes
Published 17 April 2006 5 people involved in running the Independent Creative Management Group property buyback schemes 3 years ago have been banned from acting as company directors or managers for 5 years. John Warren Daniels, Geoffrey Peter Clayton, Hemi-Rua Rapata & John Leslie O’Brien were banned from 14 March and Frances Therese Bernadette Daniels […]
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