Category: Companies Office

Source: Companies Office – Press Release/Statement:

Headline: Removal notice – section 318(1)(d)

Notice of intention to remove 676 companies from the Companies Register.

I have received a request in the prescribed form to remove each of the following companies from the register under section 318(1)(d) of the Companies Act 1993 and I am satisfied that either the companies have ceased to carry on business, have discharged their liabilities to all known creditors, and have distributed surplus assets OR that the companies have no surplus assets and no creditor has applied to put any of the companies into liquidation.

Unless, under section 321 of the Companies Act 1993, written objection to removal of any of the below companies is delivered to the Registrar by 25 October 2023, being not less than 20 working days from the date of this notice, the Registrar is required to remove the companies from the register.

Dated this 21st day of September 2023

SANJAI RAJ
Registrar of Companies

You can object to the removal of a company using our online service.

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Source: Companies Office – Press Release/Statement:

Headline: Restoration notice

Notice of intention to restore 46 companies to the Companies Register.

Take notice that I propose to restore the following companies to the register on the application of the persons named below.

I am satisfied that these companies were at the time of removal either carrying on business and there is a proper reason for them to continue in existence or were party to legal proceedings, or were in receivership/liquidation, or the grounds for removal did not exist.

Any person who wishes to object must do so by 19 October 2023 being not less than 20 working days from the date of this notice.

Dated this 21st day of September 2023

SANJAI RAJ
Registrar of Companies

You can object by sending an email to compliance@companies.govt.nz

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Source: Companies Office – Press Release/Statement:

Headline: Notice of intention to correct the register

Notice of intention to correct the Companies Register for 1 company.

I intend to rectify the New Zealand Register of Companies, in terms of section 360A(1)(a) of the Companies Act 1993 in relation to the following company on the application of the following persons, by deleting incorrect documents as noted below and otherwise adjusting the register.

Any person who wishes to object must do so by 12 October 2023 (being not less than 20 working days from the date of this notice).

Dated this 14th day of September 2023

SANJAI RAJ
Registrar of Companies

You can send your written objection to us:

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Source: Companies Office – Press Release/Statement:

Headline: Removal notice – section 318(1)(b)

Notice of intention to remove 6236 companies from the Companies Register.

I intend to remove the following companies from the register under section 318(1)(b) of the Companies Act 1993 , on the grounds that the Registrar has reasonable grounds to believe that the companies are not carrying on business and there is no proper reason for the companies to continue in existence.

Unless, under section 321 of the Companies Act 1993, written objection to removal of any of the below companies is delivered to the Registrar by 17 October 2023, being not less than 20 working days from the date of this notice, the Registrar is required to remove the companies from the register.

Dated this 14th day of September 2023

SANJAI RAJ
Registrar of Companies

You can object to the removal of a company using our online service.

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Source: Companies Office – Press Release/Statement:

Headline: Removal notice – section 318(1)(aaa)

Notice of intention to remove 4 companies from the Companies Register.

I intend to remove the following companies from the register under section 318(1)(aaa) of the Companies Act 1993 , on the ground that the companies do not comply with section 10 of the Act.

Unless, under section 321 of the Companies Act 1993, written objection to removal of the above companies is delivered to the Registrar by 17 October 2023, being not less than 20 working days from the date of this notice, the Registrar is required to remove the companies from the register.

Dated this 14th day of September 2023

SANJAI RAJ
Registrar of Companies

You can object to the removal of a company using our online service.

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Source: Companies Office – Press Release/Statement:

Headline: Removal notice – section 318(1)(ba)

Notice of intention to remove 74 companies from the Companies Register.

I intend to remove the following companies from the register under section 318(1)(ba) of the Companies Act 1993 on the grounds that the companies failed to respond to a requirement made under section 365(1)(caaa) or (c) of the Act.

Unless, under section 321 of the Companies Act 1993, written objection to removal of the below companies is delivered to the Registrar by 17 October 2023, being not less than 20 working days from the date of this notice, the Registrar is required to remove the companies from the register.

Dated this 14th day of September 2023

SANJAI RAJ
Registrar of Companies

You can object to the removal of a company using our online service.

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Source: Companies Office – Press Release/Statement:

Headline: Removal notice – section 341(3)

Notice of intention to remove 20 companies from the Overseas Register.

I intend to remove the following companies from the Overseas Register under section 341(3) of the Companies Act 1993 , on the grounds that I am satisfied that the companies have ceased to carry on business in New Zealand

Unless written objection to removal of any of the below companies on the ground that they are still carrying on business in New Zealand is delivered to the Registrar by 5 October 2023, being not less than 20 working days from the date of this notice, the Registrar is required to remove the companies from the overseas register.

Dated this 7th day of September 2023

SANJAI RAJ
Registrar of Companies

You can object by sending an email to compliance@companies.govt.nz

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Source: Companies Office – Press Release/Statement:

Headline: Companies Act (Hawaiian Airlines, Inc) Exemption Notice 2023

Exemption Notice pursuant to section 207L of the Companies Act 1993

Pursuant to section 207L of the Companies Act 1993, the Registrar of Companies gives the following notice (to which is appended a statement of reasons of the Registrar).

Notice

1. Title

This notice is the Companies Act (Hawaiian Airlines, Inc) Exemption Notice 2023.

2. Commencement

This notice comes into force on the date of its notification in the New Zealand Gazette.

3. Expiry

This notice expires on the close of 31 July 2028.

4. Application

An exemption granted by this notice applies to the following accounting periods of an exempt overseas company:

1. an accounting period of the exempt overseas company that commenced before the exemption is granted (including an accounting period that ended before the exemption is granted) if:
   1. in the case of copies of financial statements or group financial statements for that period that are required to be delivered for registration under section 201 of the Act, the exemption is granted before those documents are required to be delivered for registration under that section; or
   2. in any other case, the exemption is granted before the financial statements or group financial statements for that period are required to be completed; and
2. subsequent accounting periods.

However, an exemption granted by this notice does not apply to accounting periods where the following thresholds are not met:

1. the revenue of the exempt overseas company accounts for at least 95% of the parent company’s revenue;
2. the expenses of the exempt overseas company accounts for at least 95% of the parent company’s expenses; and
3. the exempt overseas company accounts for at least 95% of the total assets and liabilities in the parent company’s balance sheet.

5. Interpretation

In this notice, unless the context otherwise requires:

Act means the Companies Act 1993;

exempt overseas company means Hawaiian Airlines, Inc;

parent company means Hawaiian Holdings, Inc;

specified financial statements, in relation to the exempt overseas company, means the consolidated financial statements that are required to be prepared in respect of the parent company in accordance with the laws of the United States of America; and

US GAAP means generally accepted accounting principles in the United States of America.

6. Exemptions for directors of the exempt overseas company

Every director of the exempt overseas company is exempted from the following provisions in respect of the exempt overseas company:

1. section 201 of the Act, except to the extent that this section requires financial statements to be prepared for the exempt overseas company’s New Zealand business in accordance with section 204 of the Act; and
2. section 207E of the Act to the extent that it requires copies of the financial statements of the exempt overseas company to be delivered to the Registrar for registration.

7. Conditions

The exemptions in clause 6 are subject to the conditions that:

1. the specified financial statements comply with US GAAP;
2. the specified financial statements are audited by a qualified auditor in accordance with the relevant standards relating to auditing or assurance that are in force in the United States of America; and
3. the directors of the exempt overseas company ensure that, within 20 working days after the specified financial statements are required to be signed, the following documents are delivered to the Registrar of Companies for registration:
   • a copy of the specified financial statements together with a copy of the auditor’s report on those statements; and
   • a memorandum must be signed and dated by two directors of the exempt overseas company setting out:
     1. that the specified financial statements are the consolidated financial statements required to be prepared in respect of the parent company in accordance with the laws of the United States of America and are not the financial statements of the exempt overseas company;
     2. the reasons for the specified financial statements being provided instead of financial statements for the exempt overseas company;
     3. the extent to which the revenue, expenses, assets and liabilities of the parent company are represented by the exempt overseas company; and
     4. a statement that the accounts of the exempt overseas company and the parent company are sufficiently similar such that the exempt overseas company’s financial position can be determined from the parent company’s financial statements.

Dated at Auckland this 28th day of July 2023

SHEREE MCDONALD, Deputy Registrar of Companies

Statement of reasons

This notice, which comes into force on the date of its notification in the New Zealand Gazette and expires on 31 July 2028, exempts the directors of Hawaiian Airlines, Inc, a company incorporated in the United States of America, from certain provisions of the Companies Act 1993 (“Act”).

The effect of the exemption is to exempt Hawaiian Airlines, Inc (“company”) from the requirement under the Act to prepare stand-alone financial statements. In place of these financial statements the company is required to prepare and deliver for registration the audited consolidated group financial statements its parent company, Hawaiian Holdings, Inc, is required to prepare under the law in the United States of America.

However, the exemption only applies where the following conditions are met:

1. the company’s revenue accounts for at least 95% of its parent company’s revenue;
2. the company’s expenses accounts for at least 95% of its parent company’s expenses; and
3. the company accounts for at least 95% of the total assets and liabilities in its parent company’s balance sheet.

If those conditions are not met, the exemption will not apply and the company will be required to prepare and file stand-alone financial statements.

The principal differences in financial statements provided in reliance on the exemption are:

1. the directors of the company will not prepare and file stand-alone financial statements for the company;
2. the directors of the company will register audited consolidated financial statements for Hawaiian Holdings, Inc and its subsidiaries;
3. the consolidated financial statements will comply with generally accepted accounting practice in the United States of America (rather than generally accepted accounting practice in New Zealand); and
4. the consolidated financial statements will be audited in accordance with auditing and assurance standards in force in the United States of America (rather than the applicable auditing and assurance standards in force in New Zealand).

The Registrar considers that it is appropriate to grant the exemption because:

• the Registrar has had regard to the financial reporting requirements that must be complied with by the company in its home jurisdiction under which it is not required to prepare stand-alone financial statements;
• the company will still be required to file:
  • audited consolidated group financial statements for Hawaiian Holdings, Inc, prepared in accordance with generally accepted accounting practice in the United States of America; and
  • if the New Zealand business is a large company, financial statements for the company’s New Zealand business that comply with generally accepted accounting practice in New Zealand;
• the consolidated group financial statements prepared for Hawaiian Holdings, Inc contain all the relevant information for the company required under section 201 of the Act;
• the consolidated financial statements for Hawaiian Holdings, Inc provide sufficient information to avoid any detriment to members of the public who have dealings with the company; and
• the exemption addresses the particular difficulties experienced by the company and is not broader than what is reasonably necessary to address these difficulties.

This notice is administered by the Registrar of Companies.

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