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\b\f0\fs22\insrsid10508155\charrsid2971719 IN THE HIGH COURT OF THE COOK ISLANDS
\par HELD AT RAROTONGA
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\ql \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 {\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \b\fs22\insrsid10508155\charrsid2971719 \trowd \irow0\irowband0\lastrow \ltrrow
\ts11\trgaph56\trleft-56\trkeep\trftsWidth3\trwWidth8845\trftsWidthB3\trftsWidthA3\trpaddl56\trpaddr56\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid12464500\tblind0\tblindtype3 \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr
\brdrtbl \cltxlrtb\clftsWidth3\clwWidth5018\clshdrawnil \cellx4962\clvertalc\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth3827\clshdrawnil \cellx8789\row }\pard\plain \ltrpar
\s21\ql \fi-1985\li4678\ri0\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin4678\itap0\pararsid6489426 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0\afs22 
\ltrch\fcs0 \b\fs22\insrsid6038218\charrsid2971719 {\*\bkmkstart nam}{\*\bkmkstart nam2}{\*\bkmkstart nam3}{\*\bkmkend nam}{\*\bkmkend nam2}{\*\bkmkend nam3}
\par }\pard\plain \ltrpar\ql \fi-1890\li5490\ri0\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin5490\itap0\pararsid3092135 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid9928022 IN THE MATTER\tab of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid16478060 s 40}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\lang3081\langfe5129\langfenp5129\insrsid5593122 8(3) of the Companies Act 2017}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid16478060 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid5593122 AND
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid16478060 IN THE MATTER}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid5593122 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\lang3081\langfe5129\langfenp5129\insrsid16478060 of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid9928022 an a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid530295 pplication f}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid9928022 or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid3092135  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\fs22\lang3081\langfe5129\langfenp5129\insrsid530295 SEASPRAY ENTERPRISES LIMITED}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\lang3081\langfe5129\langfenp5129\insrsid3421417  }{\rtlch\fcs1 \ab\af0 \ltrch\fcs0 
\fs22\lang3081\langfe5129\langfenp5129\insrsid3421417 to be re-registered under the Companies Act 2017}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid9928022  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\lang3081\langfe5129\langfenp5129\insrsid12523788\charrsid852604 
\par }\pard \ltrpar\qr \fi-1890\li5490\ri0\sa120\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin5490\itap0\pararsid9928022 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid530295 Applicant }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid12523788 
\par }\pard \ltrpar\qr \fi-1890\li5490\ri0\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin5490\itap0\pararsid9928022 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\lang3081\langfe5129\langfenp5129\insrsid9928022 
\par }\pard\plain \ltrpar\s29\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12222061 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\caps\fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 
\af0\afs24 \ltrch\fcs0 \fs20\insrsid12523788 
\par }\pard \ltrpar\s29\ql \fi-2070\li2070\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin2070\itap0\pararsid530295 {\rtlch\fcs1 \ab\af0\afs22 \ltrch\fcs0 \b0\caps0\fs22\insrsid530295 Date of Application:\tab 11 March 2021}{\rtlch\fcs1 
\af0\afs22 \ltrch\fcs0 \fs22\insrsid460451\charrsid5272266 
\par }\pard\plain \ltrpar\s28\ql \fi-2070\li2070\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin2070\itap0\pararsid530295 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 
\af0\afs22 \ltrch\fcs0 \insrsid12523788\charrsid3092135 
\par }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid530295 Appearances}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid12523788\charrsid6031226 :}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid12523788  }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 
\fs22\insrsid12523788\charrsid6031226 \tab }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid12523788 Mr }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid13830999 T P Arnold}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid530295  for Applicant}{
\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid12523788 
\par }\pard\plain \ltrpar\ql \fi-2070\li2070\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin2070\itap0\pararsid530295 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af0\afs22 \ltrch\fcs0 \insrsid12523788\charrsid3092135 
\par }\pard\plain \ltrpar\s28\ql \fi-2070\li2070\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin2070\itap0\pararsid530295 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 
\af0\afs22 \ltrch\fcs0 \fs22\insrsid3092135 Judgment}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid16455471 :\tab }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid15734615 3 May 2021}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid7813852 
\par }\pard \ltrpar\s28\ql \fi-1418\li1418\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1418\itap0\pararsid12523788 {\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid12523788 
\par }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid11017098 
\par }\pard\plain \ltrpar\s26\qc \li0\ri0\sl276\slmult1\widctlpar\tx5103\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11017098 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\b\fs24\lang1024\langfe1024\cgrid\noproof\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11017098 JUDGMENT }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11017098\charrsid403892 OF HUGH WILLIAMS, CJ }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11017098  
AND  POTTER, J.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11017098\charrsid403892  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11017098\charrsid16480101 
\par }\pard\plain \ltrpar\s28\ql \fi-1418\li1418\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1418\itap0\pararsid12523788 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 
\af0\afs22 \ltrch\fcs0 \fs22\insrsid11017098\charrsid6031226 
\par }\pard\plain \ltrpar\ql \li0\ri0\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9642678 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 
\af0\afs22 \ltrch\fcs0 \fs16\cf6\lang5129\langfe1033\langnp5129\insrsid11017098 
\par }\pard\plain \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13117477 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9009119 Intro}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12937070 duction}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid7556580 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12937070  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid5771825 Legislation }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12937070 & }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid16478060 Application}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13117477\charrsid13117477 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid3421417 \hich\af0\dbch\af0\loch\f0 [1]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid7742159 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3421417 For a number of years Seaspray Enterprises Ltd}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid3421417 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid9009119 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid3421417 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3421417  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang5129\langfe1033\langnp5129\insrsid3421417 \'93Seaspray\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid9009119 .}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3421417  has run a tourist accommodation business}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid7556580  in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3421417  land and buildings on Rarotonga owned by one of its directors, Ms}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3421417 Kingan.}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3423990  Ms Kingan and her husband live in Auckland New Zealand}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3423990 
but visit Rarotonga regularly. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3423990 For reasons which will appear, it is relevant to note th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4981493 
at they are not directors of any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3423990  New Zealand registered company.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3421417 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid3421417 \hich\af0\dbch\af0\loch\f0 [2]\tab}The Companies Act 2017}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid3421417 \chftn 
{\footnote \ltrpar \pard\plain \ltrpar\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid9009119 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid3421417 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3421417  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang5129\langfe1033\langnp5129\insrsid3421417 \'93The 2017 Act\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid9009119 .}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3421417  came into force on 10 December 2019.}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3423990  Sections 407-411}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4981493  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 \endash }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4981493  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3423990 the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3423990 whole of Subpart 4 of Part 20, the \'93Miscellaneous\'94 Part}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4981493  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 \endash }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4981493  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3423990 and ss}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7154071  338 and 344-349 in }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid3423990 Subpart}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7154071 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3423990  3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7154071  and 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3423990  of Part 16}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid7556580 , dealing with removal of companies from the Cook Islands\rquote  register, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3423990  are the provisions principally relevant to the present application}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5771825 , especially the former.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7154071  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5771825 Subpart 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7154071  read}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5771825 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 :}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5771825 
\par }\pard \ltrpar\s18\qj \li709\ri0\sb400\keepn\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin709\itap0\pararsid15734615 {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\fs22\insrsid5771825\charrsid15734615 Subpart 4 \endash  Re-registration}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid15734615 :
\par }\pard \ltrpar\s18\qj \li0\ri763\sb400\keep\keepn\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin763\lin0\itap0\pararsid15029009 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119\charrsid16647567 \tab 407\tab 
Application for re-registration of existing company
\par }\pard \ltrpar\s18\qj \fi-450\li1890\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1890\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid16647567 (1)\tab 
an existing company may apply for re-registration under this Act
\par (2)\tab An application for re-registration must be \endash 
\par }\pard \ltrpar\s18\qj \fi-450\li2340\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin2340\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid16647567 (a)\tab in the prescribed form; and

\par (b)\tab signed by the person completing the application; and
\par (c)\tab filed with the Registrar within 1 year after the commencement of this Act; and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 
\par }\pard \ltrpar\s18\qj \fi-450\li1890\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1890\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 (3)\tab 
The application must specify, in respect of the company once re-registered \endash 
\par }\pard \ltrpar\s18\qj \fi-450\li2340\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin2340\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 (a)\tab the name of 
the company, which must comply with section 11; and
\par (b)\tab whether the constitution of the company differs from the appropriate default constitution; and 
\par (c)\tab whether the constitution with which the company proposes to be re-registered adversely affects existing shareholder rights and obligations; and
\par (d)\tab the full name, residential address, and postal address of each director of the company; and
\par (e)\tab that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid5771825 each}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  person named as a director of the company has consented to act as a director of the company; and
\par (f)\tab the full name of every shareholder of the company, and the number of shares held by each shareholder; and
\par (g)\tab the registered office of the company; and
\par (h)\tab the postal address of the company, which may be the registered office or any other postal address; and
\par (i)\tab any other prescribed information.
\par }\pard \ltrpar\s18\qj \fi-450\li1890\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1890\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 (4)\tab 
The application for re-registration must be accompanied by \endash  
\par }\pard \ltrpar\s18\qj \fi-450\li2340\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin2340\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 (a)\tab the prescribed fee; and
\par (b)\tab a copy of the constitution to the extent that the company elects not to use the appropriate default constitution or to modify it.
\par }\pard \ltrpar\s18\qj \fi-450\li1890\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1890\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 (5)\tab 
If the constitution with which the company proposed to be re-registered adversely affects shareholder rights and obligations, the application must be accompanied by the written consent of each shareholder to re-registration.
\par 
\par }\pard \ltrpar\s18\qj \li720\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin720\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119\charrsid12596159 408\tab Failure t
o apply for re-registration
\par }\pard \ltrpar\s18\qj \fi-450\li1890\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1890\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 (1)\tab 
An existing company that has not applied for re-registration }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 in accordance with}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119\charrsid9578885 section 407 is a nullity.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
For the purposes of subsection (1), subparts 3 and 4 (but not subpart 5) of Part}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 16 apply as if the former company
 were a company that had been removed from}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 the Cook Islands register under subpart 2 of Part 16.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119  
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (3)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
On the application of a director, shareholder, or creditor of an existing company,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 the Court may-}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 
\par }\pard \ltrpar\s18\qj \fi-450\li2340\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin2340\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (a)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 direct the Registrar to make an application for re-registration on behalf of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119\charrsid9578885 the company; and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (b)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
make any other orders necessary to effect the re-registration of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 company.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 

\par }\pard \ltrpar\s18\qj \li720\ri770\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin720\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \'85
\par }\pard \ltrpar\s18\qj \li720\ri763\sl276\slmult1\keep\keepn\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin763\lin720\itap0\pararsid15029009 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119\charrsid12596159 4}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \b\fs22\insrsid9009119 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119\charrsid12596159 0\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119 Re-re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119\charrsid12596159 gistration}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119 
\par }\pard \ltrpar\s18\qj \fi-450\li1890\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1890\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 The Registrar must, without delay on receiving an application for re-registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 of an existing company or existing overseas company that complies with section}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
407 or 409, as the case may be,-}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 
\par }\pard \ltrpar\s18\qj \fi-450\li2340\ri770\sl276\slmult1\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin2340\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (a)}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 enter the company on the Cook Islands register; and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (b)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
issue to the company a certificate in the prescribed form of its re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid5771825 -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 registration.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 

\par }\pard \ltrpar\s18\qj \fi-461\li1890\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1890\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 A certificate of re-registration issued under subsection (I) is conclusive}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119\charrsid9578885 evidence that-
\par }\pard \ltrpar\s18\qj \fi-450\li2340\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin2340\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (a)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 all the requirements for re-registration have been complied with; and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (b)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
on and from the date of re-registration stated in the certificate, the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 company is a co
mpany or overseas company registered under this Act.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 
\par }\pard \ltrpar\s18\qj \fi-450\li1890\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1890\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (3)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 The re-registration of an existing company or existing overseas company under}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119\charrsid9578885 this section does not-}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 
\par }\pard \ltrpar\s18\qj \fi-450\li2340\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin2340\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (a)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 create a new legal entity; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (b)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
affect the shares or share capital of the company except as provided by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 this Act; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (c)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
affect the property, rights, or obligations of the company except as}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 provided by this Act; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (d)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 affect proceedings by or against the company.}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \fs22\insrsid9009119 
\par }\pard \ltrpar\s18\qj \fi-450\li1890\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1890\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (4)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 A company is not required to make an annual return under this Act in the year}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119\charrsid9578885 in which it is re-registered.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 
\par }\pard \ltrpar\s18\qj \li720\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin720\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
\par }\pard \ltrpar\s18\qj \li720\ri763\sl276\slmult1\keepn\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin763\lin720\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119\charrsid12596159 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\fs22\insrsid9009119 11}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119\charrsid12596159 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119 Meaning of existing company, etc}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\fs22\insrsid9009119\charrsid9578885 
\par }\pard \ltrpar\s18\qj \li1429\ri770\sl276\slmult1\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1429\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 For the purposes of this subpart}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 , \endash 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119\charrsid10251540 existing company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \endash 
\par }\pard \ltrpar\s18\qj \fi-461\li1890\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1890\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (a)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 means a company registered under the 1970-1971 Act that, immediately}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119\charrsid9578885 before the commencement of this Act, was entered in the register of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
companies maintained under the 1970-1971 Act; but
\par (b)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 does not include a company that is in liquidation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  
\par }\pard \ltrpar\s18\qj \li1429\ri770\sl276\slmult1\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1429\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119\charrsid5989606 existing overseas company}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885  means an overseas company registered under the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
1970-71 Act that, immediately before the commencement of this Act, was}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
entered in the register of companies maintained under the 1970-1971 Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\fs22\insrsid9009119\charrsid5989606 existing shareholder rights and obligations}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885  means the rights and obligations}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 of the existing shareholders in relation t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 o \endash 
\par }\pard \ltrpar\s18\qj \fi-461\li1890\ri770\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin770\lin1890\itap0\pararsid9009119 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (a)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 vot}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 ing at meetings of shareholders;}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 

\par (b)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 the appoi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 ntment and removal of directors;}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119\charrsid9578885 
\par (c)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 preferential or fixed ent}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119 itlements to dividends;}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 
\par }\pard \ltrpar\s18\qj \fi-461\li1887\ri763\sa240\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin763\lin1887\itap0\pararsid15029009 {\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 (d)}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \fs22\insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid9578885 the distribution of surplus assets of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\fs22\insrsid9009119\charrsid9578885 the company.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \fs22\insrsid9009119\charrsid15029009 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid7556580 \hich\af0\dbch\af0\loch\f0 [3]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb480\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid291368 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7556580 As just recounted, s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10375046 
 407 sets out the re-registration process which includes, in s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10375046 407(2)(c), the obligation to file the application within one year from the 2017 Act\rquote 
s commencement}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2913535 , namely by 10 December 2020.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10375046 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid10375046 \hich\af0\dbch\af0\loch\f0 [4]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid12937070 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10375046 Seaspray did not apply for re-registration within }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14625282 
that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10375046 time}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12937070  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7556580 limit }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12937070 
and, as a result, on 10 December 2020, the Registrar removed it}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid12937070 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid12937070 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12937070  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid12937070 And more than 1}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid14625282 0}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid12937070 00 other companies similarly situated}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7154071 
. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7154071 The }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid4981493 
Registrar designated the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7154071 removals as \'93striking off\'94 the companies, but}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7556580  technically}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid4981493 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7556580  as they}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7154071 
 occurred automatically}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid4981493 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7556580  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang5129\langfe1033\langnp5129\insrsid7154071 any striking off was only the administrative step necessitated by the removals}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615 .}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12937070 
 from the Register of Companies.
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid13117477 \hich\af0\dbch\af0\loch\f0 [5]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid5318958 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13117477  Ms Kingan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12937070  now applies for an order}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11093736  from the Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12937070  directing the Registrar to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16478060  make an application }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12937070 to herself}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid7556580 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 
\ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid7556580 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7556580  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 \tab }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7556580 All applications for incorporation must be to the Registrar: s 7(2)(c). }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang5129\langfe1033\langnp5129\insrsid7556580 The Registrar ha}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid4981493 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7556580  power to restore companies}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid13129897  to the register and the Court may so order, but only when removal has occurred on grounds which are inapplicable to Seaspray: ss 350, 351}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang5129\langfe1033\langnp5129\insrsid15734615 .}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12937070  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16478060 for }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12937070 Seaspray\rquote s}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid16478060  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13117477 re-registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12937070 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13117477 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid291368 \hich\af0\dbch\af0\loch\f0 [6]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid7742159 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid291368 Because of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13117477 
 number of companies in a similar position to Seaspr}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7556580 ay,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12937070  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13117477 it}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13117477 is thought it may be}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16478060  helpful}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13117477  to make the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16478060 general }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13117477 observations appearing in this Judgment concerning}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16478060  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid291368 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16478060 ubpart 4 of Part 20}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid291368   }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16478060 and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid291368 Subparts 3 and 4 of }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid16478060 Part 16}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5318958  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16478060 of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16478060 the 2017 Act as they}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13117477  apply to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5318958 Seaspray, and may apply to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13117477 those }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5318958 other }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13117477 companies.
\par }\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13117477 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13117477\charrsid13117477 Re-registration}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \b\insrsid291368  and Submissions}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13117477\charrsid13117477 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid291368 \hich\af0\dbch\af0\loch\f0 [7]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid7742159 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid291368 Though s 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4473170 0}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid291368 7(1) is phrased in permissive terms \endash  an existing company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid2913535 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid2913535 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2913535  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2913535 As defined by s 411. }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2913535 
Aspects of this judgment may also apply to existing overseas companies as also defined by s 411, but they are not the primary focus of the judgment}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615 .}}}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid291368  \'93may\'94 apply for re-registration \endash  because s 408(1) makes a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4473170 n existing}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid291368  company which did not apply for re-re
gistration in due time a nullity}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4473170 , for companies which intended to continue to carry on business after the 2017 Act came into force}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4981493 ,}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid4473170  the option of applying for re-registration effectively became mandatory.
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid4473170 \hich\af0\dbch\af0\loch\f0 [8]\tab}That said, a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 part from the obligation }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 in s\~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7556580 407(2)(c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 
to apply for re-registration within one year after the 2017 Act came into force, the requirements for re-registration do not appear}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4473170  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 to be onerous.  Pursuant to s
}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 407(2)-(5) the requirements }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13854060 of an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 
 application for re-registration are clearly set out.  Compliance should not be exacting if applications follow the form }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13854060 required by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916  the 2017 Act}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4473170 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916  with }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13854060 the Registrar being under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 an obligation under s}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13841180 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 410(1) to re-register }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4981493 promptly }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 
companies which comply with the statutory re-registration procedure.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13117477 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid2173916 \hich\af0\dbch\af0\loch\f0 [9]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid13841180 ection}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916  410(3) importantly provides continuity for }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4473170 re-registered }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 
companies in that it makes clear that re-registration creates no new legal entity and does not affect the company\rquote s shares or its property rights or obligations }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13854060 or}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid2173916  proceedings by or against it}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4473170 , but that is not the position while those companies}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4981493  remain  removed from}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid4473170  the register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid2173916 \hich\af0\dbch\af0\loch\f0 [10]\tab}The difficult}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7556580 ies}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid2173916  for Seaspray and similar companies lie in s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 408(1)-(2).
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid2173916 \hich\af0\dbch\af0\loch\f0 [11]\tab}S}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180 ection}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid2173916  408(1) makes existing companies which have not applied for re-registration nullities.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14625282  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14625282 
Nullity has the well-settled meaning }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2913535 in law }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14625282 of rendering something }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5183726 devoid of}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11093736  legal effect, legally non-existent and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5183726 to be }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11093736 treated as never exist}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4473170 ing}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \cs32\super\insrsid4981493 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid4981493 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4981493  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 \tab }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 
\i\lang5129\langfe1033\langnp5129\insrsid4981493 Dictionary of NZ Law; Strouds Judicial Dictionary}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid7487112  of Words and Phrases, 10}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 
\i\lang5129\langfe1033\super\langnp5129\insrsid7487112\charrsid15734615 th}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid15734615  }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid7487112 
ed (2020 )Vol 2}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid15734615 ,}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid7487112  p}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 
\i\lang5129\langfe1033\langnp5129\insrsid15734615 \~}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid7487112 863}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid2913535 . }{\rtlch\fcs1 \ai\af0 
\ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid15734615  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2913535 As it was pithily put in relation to nullity of marriage, such a declaration means \'93not just that}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2913535 the parties are not married, but that they never were\'94 }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 
\i\lang5129\langfe1033\langnp5129\insrsid2913535 re Wombwell\rquote s Settlement }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2913535 [1922] 2 Ch 298,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615  
}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2913535 305.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2913535  See also }{
\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid2913535 Moret}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid15215858 o}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid2913535 
n v Montrose Ltd }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2913535 [1986] 2 NZLR 496, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15215858 507 (NZCA) per McMullin, J; }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 
\i\lang5129\langfe1033\langnp5129\insrsid15215858 Neylon}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid15734615  }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\lang5129\langfe1033\langnp5129\insrsid15215858 v Dickens }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15215858 [1977] 1 NZLR 595, 598 (PC)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615 .}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5183726 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid2173916 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid4473170 \hich\af0\dbch\af0\loch\f0 [12]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4473170 In addition to s}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15734615 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4473170 407(1)(c), t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119 he}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5318958  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4473170 second }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5318958 statutory hurdle}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916  for Seaspray and other}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16214311  companies }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4473170 whose directors and others}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16214311  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287 wish }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2913535 them }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287 to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5183726 
 be restored to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287  existence and trade but did}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16214311  not appl}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287 y for re-registration before 10 December 2020}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5183726 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5318958  and are therefore}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5318958  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142 b}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119 y}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5318958  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13449804 s 408(1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5318958 , nullit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13449804 i}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5318958 es}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16214311 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13449804  is that s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13449804 
408(2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13449804 applies }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 ubparts 3 and 4 }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid2167016 of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916  Part 16}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13449804  to them}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10421729 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10421729 Those are}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916  the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897 P}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 arts dealing with the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 
effect }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 removal of companies from the register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid2173916 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid2173916 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang1033\langfe1033\langnp1033\insrsid2173916 Sections 344-346.}}}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid6904853 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916  the consequent vesting of their property in the Crown and the Crown\rquote s power of disclaimer of property vest}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2167016 ed}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2173916  in it}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid2173916 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid2173916 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang1033\langfe1033\langnp1033\insrsid2173916 Sections 347-349.}}}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid2173916 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 Although nullity for failure to apply timeously for re-registration is not the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287 
legal }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 equivalent of removal from the register on one of the grounds in s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 338, s}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15734615 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 408(2) effectively equates the two}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897  and applies the consequences in Subpart 3 to them.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2173916 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid6904853 \hich\af0\dbch\af0\loch\f0 [13]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 Therefore, on its face, w}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5594179 hat s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 408(1)(2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287  bring about}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  is}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287 , first, that companies which have not been re-registered no longer exist in law and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14700408  never have and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287 , secondly,}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287 all }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287 ir}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 
 property }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287 ha}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287  been}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 , by virtue of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid6904853  inclusion}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 ubparts 3 and 4 of Part 16 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 in}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 408(2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10421729 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142 escheated to, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142 i.e. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 vested in}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid2711142 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  the Crown}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1534287 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  subject to the right of persons claiming the p
roperty of such companies to apply to the Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid5594179 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid5594179 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang1033\langfe1033\langnp1033\insrsid5594179 Section 345.}}}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5594179  and the Crown\rquote s power of disclaimer within the terms of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 ubpart 4.  This state of affairs}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid13129897  arose}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  automatically on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 10\~December 2020}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid5594179 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid5594179 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang1033\langfe1033\langnp1033\insrsid5594179 Section 407(2)(c).}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 will }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 continue until}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid4748260  an application}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  for re-registration }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748260 is made by a qualified person }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 and}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2167016 , if open to her,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3092135 Registrar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  grants the application}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid7943524 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid5594179 \hich\af0\dbch\af0\loch\f0 [14]\tab}Th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 at}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5594179  result will obviously be a matter of concern not just to companies which have not applied for re-registration }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 and those who deal with them }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 
but also, given the terms of s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 346, former directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853 , }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 
shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6904853  and others whose liability is preserved}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14905315  while the state of nullity enures. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15734615  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5183726 Many, like Se}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14905315 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5183726 spray}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14905315  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13129897 though nullities, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14905315 are highly likely to have continued to trade using assets and making pr
ofits to which they were not entitled, and paying debts and meeting obligations which were unenforceable against them}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid2711142 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid2711142 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2711142 
Though pre-removal obligations remain enforceable against their directors, shareholders and others:}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615   }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang5129\langfe1033\langnp5129\insrsid15215858 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2711142  346}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615 .}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15734615 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid5594179 \hich\af0\dbch\af0\loch\f0 [15]\tab}Faced with this pote
ntially undesirable result, both for Seaspray and for all other existing companies similarly situated, Mr Arnold}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12670162 , counsel for the applicant,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 
 submitted that s 408 should be }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12670162 interpreted}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14905315  so}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12670162  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 
as to avoid the conclusion that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142  those who are entitled to apply for their company to be re-registered}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10371296 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142  but}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  ha}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10371296 ve}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  not }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10421729 applied }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897 
within time }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10421729 to be }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 re-registered}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  ha}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid14905315 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  no ability to seek to be re-registered once the one}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 year time limit in s}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13841180 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 407(2)(c) expired.  Without that, he submitted, the terms of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 
ubpart 4 of Part 20 would }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12670162 now }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 preclude re-registration applications}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12670162  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid2167016 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12863280 nd consequential}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12670162  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 applications}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12863280 
 such as applications}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12863280  have}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  the compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180 y\rquote }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5594179 s property}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12863280  revert to it}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid2711142 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid2711142 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2711142 Though most w}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid13129897 ould}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2711142  re-vest automatically}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid13129897 :}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2711142  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid13650606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2711142 s 353(1)}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615 .}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12670162 or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid12863280 to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 retransfer the company\rquote s land.  He submitted that s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 
408 should be interpreted as if the company remained an existing company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid2711142 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid2711142 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2711142 Within the s 411 definition, even though }
{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15215858 the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid2711142  is no longer in existence}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang5129\langfe1033\langnp5129\insrsid7943524  and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15215858 , being a nullity,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid9330694 n}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15215858 ever has been}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615 .}}}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5594179  so that, under s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 408(3), directors, shareholders or creditors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid2711142 \chftn 
{\footnote \ltrpar \pard\plain \ltrpar\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid15734615 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid2711142 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2711142  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang5129\langfe1033\langnp5129\insrsid2711142 Being a nullity, the company cannot}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid5653876  apply for its own re-registration: }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 
\i\lang5129\langfe1033\langnp5129\insrsid5653876 re Durweston Properties Ltd }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid5653876 (1992) 6 PRNZ 95, 96}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid15734615 .
}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12670162 ight}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  apply at any time to allow companies registered under the Companies Act 1970-71 
to be migrated to the register under the 2017 Act.
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid5594179 \hich\af0\dbch\af0\loch\f0 [16]\tab}In making that submission, Mr Arnold relied on the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid12797872 R}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 egulation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12670162 -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 making power in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10421729 s}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13129897 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10421729 405(1)(q) and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 406}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10421729 (b). }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10421729 The former}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  gives the Queen\rquote s Representative power to make }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897 R
}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 egulati}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10421729 ons }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1448509 \'93to give effect to the provisions of this Act\'94 and, more specifically}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid2167016 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1448509  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10421729 \'93}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1448509 \'85}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10421729 
 for any other matters contemplated by this Act, necessary for its full administration, or necessary for giving it full effect}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1448509 \'94. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1448509 The latter empowers the making of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 \'93transitional\'94 R}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1448509 egulations \'93providing provisions }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10421729 relating to the re-registration of companies, which may be in addition to, or in place of, or which may amend, the re-registration provisions}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 \'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10421729  in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1448509  Part 20}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5064650 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9009119   }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 
In support of that submission, he relied on the explanatory notes to the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12670162 B}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 ill and the advice given by the Ministry of Justice on the relev}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13841180 ant provisions}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5064650 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid5653876 \hich\af0\dbch\af0\loch\f0 [17]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid5653876 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 Mr Arnold}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180  submit}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5064650 ted}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13841180  that s\~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179 408(3) was intended by Parliament to allow re-registration application}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12863280 s}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5594179  to be made at any time}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12863280  including after the s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12863280 407(2)(c) period}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10371296  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12863280 expired.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009\charrsid5653876 
\par }\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15029009 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15029009\charrsid15029009 Can re-registration }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \b\insrsid5653876 still }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15029009\charrsid15029009 be effected?}{\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid15029009\charrsid15029009 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid15029009 \hich\af0\dbch\af0\loch\f0 [18]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid7742159 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 There can be no doubt that Seaspray, the other companies similarly situated}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid12797872  and their directors and shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 , are in an invidious position.  Because of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7943524  clear wording of}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15029009  s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 408(1), they are no longer in existence and must be treated in law as}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 
 never having existed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  and,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7943524  by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15029009 344(1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7943524 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  all their property has been vested in the Crown since 10 December 2020 but, under s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 346, the liability of their director, former directors, shareholders and others persists}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 .
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid5653876 \hich\af0\dbch\af0\loch\f0 [19]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid7943524 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 A}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 
 statutory amendment could certainly cure the position, but statutory amendments take time.  Although the notion of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872 subsidiary legislation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13650606 \endash }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897  a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 R}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 egulation}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13129897  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \endash }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  adding}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872  to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 
, supplanting or amending}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872  the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  provisions}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872  of primary legislation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897 
 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \endash }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872  an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872 Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid13129897  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \endash }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 contradicts the normal }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897 
and well-accepted }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 hierarchy of regulatory powers and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 is }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 thus }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 
jurisprudentially}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876  extremely}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  odd, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3616563 in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 s}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 406(d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3616563 Parliament, in the exercise of its plenipotentiary legislative powers,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13129897  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 appears to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3616563 have }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 contemplate}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3616563 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15029009  that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 possibility}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7943524  and delegated its powers in that regard to the Queen\rquote s Representative}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 .}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 B}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 ut the promulgation of }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5653876 R}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 egulations also takes time and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  without such}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876 ,}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 406(b) cannot be of assistance to Seaspray and the other companies}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5653876 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  beyond the Court noting that the section contemplate}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 
 amendments to the re-registration provision}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7943524 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 ubpart 4 of }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 P}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 art 20.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7943524\charrsid7943524  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7943524 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid7943524 \hich\af0\dbch\af0\loch\f0 [20]\tab}
It is surprising that the important provisions for re-registration only appear in a Subpart of Part 20, the Part covering Miscellaneous matters, when its provisions create the difficulties discussed in this judgment for such a large number of companies.}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid12860377 \hich\af0\dbch\af0\loch\f0 [21]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid7742159 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377 The question then becomes whether, a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 
bsent statutory amendment or s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 406(b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872 R}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 egulations}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872 , there}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377  is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872  a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 
 construction of the 2017 Act which can provide a pathway for}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5653876  competent }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 re-registration applications }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 to }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 be filed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3616563  outside the 12 month limit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  be granted and relieve the}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12797872  difficult}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  position in which Seaspray and the other companies have been placed by the unfortunate }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3616563 statutory }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 wording discussed in this }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 j}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 udgment}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15029009 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid15029009 \hich\af0\dbch\af0\loch\f0 [22]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\keep\keepn\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid13650606 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009 In effect, that renders down to whether}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076 , in}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  application}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3616563 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15029009  for re-registration under s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15029009 407(2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  which \'93must\'94 be filed with the Registrar within a year after the 2017 Act\rquote s commencement}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 ,}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid7943524  but have not been,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811  the \'93must\'94 can be read as \'93may}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3616563 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 \'94 and therefore}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  optional and not obligatory, directory rather than mandatory.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811  If so, acting under s}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 408(3)(b), the Court }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 ould }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377 
conceivably }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 have power to extend the s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 407(2)(c) 12 month time limit to the day the Registrar receives}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 the re-registration application under an order made by the Court under s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1249811 408(3)(a)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid7752076 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid13650606 
\rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid7752076 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid13650606 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7752076 That must be the operative date as applications for re-registration must b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid3616563 
e filed with}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7752076  the Registrar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid3616563 : s}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang5129\langfe1033\langnp5129\insrsid13650606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid3616563 407(2)(c).}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid7752076  }}}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1249811  plus any other incidental orders appropriate to the particular company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7943524 , or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377 to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7943524 direct the Regi
strar not to comply with the time limit.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid6760392 \hich\af0\dbch\af0\loch\f0 [23]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid7742159 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392 There }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377 are}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid6760392  authorit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377 ies}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  to the effect that failures to meet statutory requirements do not automatically lead to invalidity}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid2572157 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  with the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076 former}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  dichotomy between mandatory and directory requirements giving way to an 
assessment of the substance of the case, the nature and purpose of the legislation and the degree and effect of non-compliance}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid6760392 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid13650606 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid6760392 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang1033\langfe1033\langnp1033\insrsid3826033 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang1033\langfe1033\langnp1033\insrsid12860377 Eg: }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \i\lang1033\langfe1033\langnp1033\insrsid6760392\charrsid3826033 W}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\lang1033\langfe1033\langnp1033\insrsid3826033 aikanae}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\lang1033\langfe1033\langnp1033\insrsid6760392\charrsid3826033  Christian Holiday Park Inc v. New Zealand Historic Places Trust Maori Heritage Council}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang1033\langfe1033\langnp1033\insrsid6760392 
 [2015], NZCA 23, CA 679/2013, 24 February 2015, at [55]}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang1033\langfe1033\langnp1033\insrsid1249811  and authorities there cited.}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2572157 
, but authorities to that effect are mainly drawn from the fie
ld of judicial review, and assessments as to whether administrative actions comply with statutory requirements are an insufficient foundation for a finding contradicting the plain words of a statute.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid1249811 \hich\af0\dbch\af0\loch\f0 [24]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2572157 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811 Further, in considering th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2572157 e \'93must\'94 as \'93may\'94
}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1249811  question}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 , it is }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2572157 accepted that it is }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 
pertinent to bear in mind the overarching approach to statutory construction enjoined by s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 5(j) of the Acts Interpretation Act 1924(NZ)}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \cs32\super\insrsid3616563 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid13650606 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid3616563 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3616563  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang5129\langfe1033\langnp5129\insrsid3616563 Remaining in force in the Cook Islands, though repealed in New Zealand}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid13650606 .}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3616563  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 namely that every Act is deemed }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076 \'93}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 remedial}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076 \'94}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid8401773  and is to be construed in such a \'93fair, large and liberal\'94 way \'93as will best ensure the attainment of the object of the Act \'85 according to its true intent, meaning and spirit\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid2572157  and that i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392 t is clear from s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 
, the Purpose provision,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  that, in passing the 2017 Act, Parliament intended to provide for }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 \'93}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392 
efficient registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 \'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  of compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 ies}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  with }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid8401773 \'93}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392 flexible and adaptable structures}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 \'94,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  subject only to \'93
proper but not excessive regulation and administration\'94.
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid2572157 \hich\af0\dbch\af0\loch\f0 [25]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid7742159 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2572157 Further, it is accepted that a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  finding that }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 those designated as able to apply for the re-registration of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392 companies in Seaspray\rquote s position ha}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076 ve}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  no capacity to apply for re-registration or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076 ha}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5899031 ve the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076  power }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392 to make such application}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 s }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076 but}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2572157  with}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid6760392  no chance of success}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773  because of continuing breach of s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 407(2)(c) applied }{\rtlch\fcs1 \ai\af0 
\ltrch\fcs0 \i\insrsid8401773 stricto sensu,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2572157 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392 ould }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2572157 be seen as }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392 undermin}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2572157 ing}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  Parliament\rquote s intention as expressed in s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13328467 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392  provide an absolute }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8401773 time bar}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid6760392  to re-registration and resumption of their existence for a large number of companies}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13328467 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2560132  would be }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377 
arguably }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2560132 contrary to the attainment of the Act\rquote s }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13328467 express }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2560132 objectives}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5899031  and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377 might }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5899031 run counter to the 2017 Act\rquote s express purposes.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5899031  A liberal and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694 highly }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5899031 purposive interpretation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 , as required by s\~}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5899031 5(j), }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13328467 ould}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5899031  avoid that outcome.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6760392 

\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid13328467 \hich\af0\dbch\af0\loch\f0 [26]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13328467 All of that, however, cannot prevail 
against the clear and express wording of the 2017 Act.
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid13328467 \hich\af0\dbch\af0\loch\f0 [27]\tab}In phrasing the 2017 Act as it has, Parliament has demonstrated a clear understanding of}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694 , and reliance on,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13328467  the semantic differences between the peremptory}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10968003  \'93must\'94 and the discretionary \'93may\'94
- contrast}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694 ing s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694 407(1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10968003  with }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid12860377 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10968003 407(2)(3)(4)(5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377 is the most}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10968003 
 obvious example \endash  and must be taken to have intended differing requirements depending on which }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6564446 word }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10968003 i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 
t used.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10968003 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid10968003 \hich\af0\dbch\af0\loch\f0 [28]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid6564446 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10968003 So when, in s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10968003 407(2)(c), }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6564446 Parliament}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10968003  used \'93must\'94 for the requirements for re-registration applications, the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid9330694 correct}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10968003  interpretation can only be that the requirement was obligatory and inflexible and that a failure to comply with it }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6564446 automatical}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10968003 ly brought the consequences of that failure}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6564446  in its train,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10968003  particularly}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid6564446  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694 as}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6564446  the company to which the application related became a nullity under s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid6564446 408(1). No interpretation or construction of that differentiation in the plain words of the 2017 Act, however purposive or remedial, could }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3761149 properly}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid6564446  lead to any different conclusion.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13328467 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid3761149 \hich\af0\dbch\af0\loch\f0 [29]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3761149 Mr Arnold submitted that the breadth of s}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3761149 408(3)(b), empowering the Court to \'93make any other orders necessary to effect the re-registration\'94
 of Seaspray, was wide enough to enable the Court effectively to disregard or alter the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3761149 407(2)(c) time limit}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694 B}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3761149 ut, with respect to counsel, that
 cannot be the case because Parliament, in giving}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3761149 the Queen}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588 \rquote }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3761149 
s Representative power to make }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 s\~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694 406(b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3761149 
Regulations adding to, supplanting or amending the statutory re-registration provisions, clearly turned its mind to the possibility}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588  of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3761149  those provisions}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588  proving inapt, and provided a means, however unusual, to redress that situation. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588 
For the Court to undertake the course urged by Mr Arnold}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6712943 , and effectively fashion such Regulations itself}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694 , }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588 
would run the risk of it usurping the very power Parliament thought fit to confer on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14817155 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694 and reposed with}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14817155 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9330694  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588 the Queen\rquote s Representative, a situation it would be improper for }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid14817155 this Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588  to con}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14817155 template.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3761149 
\par }\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\keep\keepn\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13650606 {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid14817155 Conclusion}{\rtlch\fcs1 \ab\af0 \ltrch\fcs0 
\b\insrsid14817155\charrsid14817155 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid533588 \hich\af0\dbch\af0\loch\f0 [30]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb240\sl336\slmult1\keep\keepn\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid13650606 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588 
Summing all that up, the appropriate conclusion is that Parliament has used clear words in its phrasing of s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588 407(2)(c) and s}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588 408(1)(2; that  failure to comply with the time limit in the former automatically brings about}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113  the consequences in the latter; }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14817155 and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 that the broad wording of s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 408(3)(b)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs32\super\insrsid14817155 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s30\ql \fi-630\li630\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin630\itap0\pararsid13650606 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs32\super\insrsid14817155 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14817155  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\lang5129\langfe1033\langnp5129\insrsid14817155 Limited to existing companies, a status no company which is a nullity can occupy as it is treated as}{\rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid13650606  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \lang5129\langfe1033\langnp5129\insrsid14817155 never having existed, and thus incapable of being registered under the Companies Act 1970-71.}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 
 does not give the Court power to override the mandatory wording of s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 407(2)(c)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14817155 .}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10115113  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14817155 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid14817155 \hich\af0\dbch\af0\loch\f0 [31]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb240\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid533588 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14817155 The }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 Seaspray }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid14817155 re-registration }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 having been filed after 10 December 2020, there is, on the wording of the 2017 Act, no power to grant it, or any other re-registration application in the same situation.}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid533588 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid14817155 \hich\af0\dbch\af0\loch\f0 [32]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14817155 That is the}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10115113  first of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14817155 the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 two reasons}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5927507  for }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 
the application for Seaspray\rquote s re-registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5927507  being}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12860377  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 dismissed.
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid3826033 \hich\af0\dbch\af0\loch\f0 [33]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid13650606 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 Th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 
e second reason for dismissing the Seaspray application is that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033  the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076 E}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 ssential }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid7752076 R}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 equirements}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076  of a company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5927507  in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 s}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 6, requires }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1208115 every}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 
 company to have one or more directors of whom at least one must live in the Cook Islands}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1208115 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033  or live in New Zealan
d and be a director of a company that is registered in New Zealand}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1208115 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1208115 A}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid3826033 s noted at the outset of this Judgment, Seaspray }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7752076 and its directors }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 cannot comply with that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1208115 E}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 ssential }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1208115 R}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 equirement}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1208115 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 
 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1208115  In addition, under s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1208115 
338(b), any application for re-registration would fail for ongoing breach of one of the grounds requiring removal from the register.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid10115113 \hich\af0\dbch\af0\loch\f0 [34]\tab}}\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar
\tx709\jclisttab\tx5220\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid13328467 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 On that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6712943 additional }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10115113 ground, the application for }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6712943 Sea}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10115113 spray\rquote s re-registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6712943  must be dismissed.}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10115113 
\par {\listtext\pard\plain\ltrpar \s18 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \lang5129\langfe5129\langnp5129\langfenp5129\insrsid6712943 \hich\af0\dbch\af0\loch\f0 [35]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6712943 It is appreciated th
at the findings in this judgment may cause consternation for those involved in re-registration applications for }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5927507 any of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6712943 the 1,000+ }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5927507 nullity }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6712943 companies which have been filed since 10 December 2020, but, for the reasons stated, failure of all those applications is mandated by the present wording of the 2017 Act. }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6712943 An urgent statutory amendment or s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 \~}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6712943 
406(b) Regulations may be warranted to provide a different path for such applications outside the present wording of the 2017 Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5927507 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5927507 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11868122 uch a course is beyond the ambit of the present application.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6712943 
\par }\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3826033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 
\par }\pard \ltrpar\s18\qj \li0\ri0\sb400\sl336\slmult1\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6760392 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13650606 
\par }\pard \ltrpar\s18\ql \li0\ri0\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13650606 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5593122 Hugh Williams, CJ}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1786344 
\par 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5593122 Potter, J}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3826033 
\par }\pard \ltrpar\s18\qr \li0\ri0\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid403892 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7154071 
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