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Company Directors and Registration

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.


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