“Controversial businessman Steve [Stephen Peter] Crow has pleaded not guilty to a charge of breaching a ban on managing companies in court in Auckland this afternoon [April 5, 2011]. “The Ministry of Economic Development imposed the four-year ban last year, following the collapse of several companies linked to Crow, best known as the organiser of [...]
American Director misses Court date – by Michael Field – Stuff News. 12/08/2010 An American company director facing eight charges under the Financial Reporting Act failed to appear in the Auckland District Court yesterday [11 August] The charges were laid by the Ministry of Economic Development (MED) enforcement unit against John Malcolm Carr, whose date [...]
Section 385 of the Companies Act 1993 empowers the Ministry of Economic Development to ban company directors for up to five years who have a history of unsuccessful ventures. David Bruce Crow of Inglewood is sole director of Buildwise Ltd (In Liq) and also directs 435 Devon Ltd which faces imminent strike off from the [...]
For a company director to allow a company to continue to trade while it is insolvent is a breach of duty under section 135 or 136 of the Companies Act. It is the duty of a Liquidator to report on any such reckless trading that is uncovered in the course of his or her efforts [...]
Buildwise Ltd and the obligations of Liquidators under Companies Act 1993
In accordance with Section 255 of the Companies Act 1993, Liquidators have a statutory duty to report to all creditors and shareholders on the conduct of the liquidation of a company during the entire period for which they have been appointed Liquidators. Six monthly reports are required to be promptly issued following a company being placed into [...]