Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Clarification of Dividend Rules in Companies Bill

Have your say on the Companies (Clarification of Dividend Rules in Companies) Amendment Bill

The Primary Production Committee is now seeking public submissions on a bill that would make a small technical amendment to the Companies Act 1993.

The Companies (Clarification of Dividend Rules in Companies) Amendment Bill would clarify the dividend rules outlined in sections 36 and 53 of the Companies Act. It aims to create certainty about the ability of a company constitution to provide for “dry shares”, which are shares that do not carry dividend rights in certain circumstances.

The bill would make it clear that the constitution of a company can provide for shares in the same class to carry different entitlements to dividends in different circumstances—for example, where the holder of shares no longer supplies a company.

Tell the Primary Production Committee what you think
Send your submission on the bill by midnight on Thursday 27 September 2018.

For more details about the bill:
Read the contents of the bill
Get more details about the bill

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>


Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>


Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>


Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>


Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>





InfoPages News Channels