By Melissa Higham - 10 Sep 2010
The Government announced yesterday that it plans to tighten
requirements around company directors and company registration. The
proposed measures are designed to protect New Zealand's company
registration process against increasing threats of criminal
activity from overseas.
A bill expected to be introduced next year will require all New
Zealand companies to have either one director or agent who is a New
Zealand resident. This person will be responsible for
ensuring the company provides accurate information to the Companies
Office. The Companies Office will also get expanded powers
including greater powers to take action where there is doubt around
the accuracy of company information.