The Society raised concerns with the Registrar of Companies, Mr Neville Harris, in a letter dated 19 January 2010 over the absence of 4 key shareholder consent documents from the Companies Office website, relating to 435 Devon Street Limited, a company incorporated by David Bruce Crow on 11 June 2007 and directed in 2008 by David and his brother “Porn King” Steve Crow. On 27 January 2010 another complaint was raised with the Office and today all 4 documents suddenly appeared on the website with the date of upload/registration entered as 9:39:04 am, 11 June 2007. The Society’s letter to the Office (copied below) dated 28 January highlights its concern over this situation involving a Companies Office foul up. It also raises concerns over the appointment record of Stephen Peter Crow as a director, who now owns 50% of the company directed by his brother David.
Reputation hostage to weak company law – Dominion Post
Quote from Editorial 20 January 2010, p. B4
“… But something is awry when one office in the Salvation Army’s Auckland building can be home to 2496 companies. And something else is wrong when New Zealand can be dragged into an international arms smuggling incident because one of those companies – SP Trading [Ltd] – was used to lease a plane detained at Bangkok Airport in December [2009]with 35 tons of missles and explosives on board…. The purpose of company law is to facilitate business. It is not to facilitate tax avoidance here or overseas or gun running or money laundering by shadowy figures overseas to give their dubious activities a patina of respectability by attaching a New Zealand PO box number to them…. [Critics of the Companies Office registration system, including the Society, consider that] more vigorous enforcement of existing law [is needed], the Government should get on with it. New Zealand’s reputation is at stake.”
Criminal Offence for Company director to knowingly supply false information to Companies Office.
An Auckland company director could face five years’ jail for supplying false information to the Companies Office, according to Roger Wallis, a partner in law firm Chapman Tripp, as reported in today’s Dominion Post (13 Jan.P. A5). Rules need to be enforced he said. Mr Wallis identified an Auckland company that he said had clearly breached Section 377 of the Companies Act 1993 prohibiting the making of false statements by both the director and the person incorporating the company. [Read more...]
Carr Consulting P.A. and offences against NZ Companies Act 1993
Commerce Minister Simon Power should discuss with officials the registration of companies with overseas directors such as John M Carr, after the recent flare up of controversy over New Zealand hardcore porn companies John Carr co- directs with “NZ Porn King” Steve Crow – which are all linked to a Florida registered professional association (P.A.) shareholder Carr Consulting P.A. Investigators should be looking at flaws in the New Zealand companies registration system that allowed a Texas-based NZ company director, John Malcolm Carr, with US and NZ citizenship, to falsely represent the shareholding of four NZ companies he directs (including Velocity Partners Ltd) and get away with it, using a false corporation name “Cuchara Inc” from 14 March 2000 until 16 December 2009.
Companies Act 1993 and Enforcement Issues
Potentially dangerous gaps in New Zealand’s company registration system have been revealed as an investigation continues by the Society into the operations of a number of NZ registered companies owned by a US-registered corporation, as well as the activities of its Principal and registered agent who directs the NZ companies. A NZ-based co-director of one of his other companies is also under investigation.
Recent Comments