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\qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9790161 \fs20\lang1033\langfe5129\cgrid\langnp1033\langfenp5129 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid9790161\charrsid9790161 COOK ISLANDS}{
\b\fs24\lang2057\langfe5129\langnp2057\insrsid3875912\charrsid9790161 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe5129\langnp2057\insrsid3875912\charrsid3875912 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7759704 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7759704 COMPANIES AMENDMENT ACT}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid9840673  }{
\b\fs24\lang2057\langfe5129\langnp2057\insrsid7759704\charrsid7759704 1984
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe5129\langnp2057\insrsid9790161\charrsid7296124 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9790161 {\fs24\lang2057\langfe5129\langnp2057\insrsid9790161 ANALYSIS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe5129\langnp2057\insrsid9790161 
\par Title
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14310354 1. Short Title and commencement}{\fs24\lang2057\langfe5129\langnp2057\insrsid9790161 
\par 2. Disqualificatio}{\fs24\lang2057\langfe5129\langnp2057\insrsid7296124 ns for appointment as auditor}{\fs24\lang2057\langfe5129\langnp2057\insrsid9790161 
\par 3. Disqualification of body corporate for appointment as liquidator
\par 4. Disqualification of body corporate for appointment as receiver
\par 5. Formation of private companies
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9063533 {\fs24\lang2057\langfe5129\langnp2057\insrsid14310354 --------------------------------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid9790161 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9063533 {\fs24\lang2057\langfe5129\langnp2057\insrsid9063533 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9063533 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid9063533\charrsid7759704 1984, No. 17
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe5129\langnp2057\insrsid9063533 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid7759704 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9063533\charrsid9063533 An Act to amend the Companies Act 1955
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9063533 {\fs24\lang2057\langfe5129\langnp2057\insrsid9063533 
\par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14310354 {\i\fs24\lang2057\langfe5129\langnp2057\insrsid9063533\charrsid7759704 (27 December 1984
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe5129\langnp2057\insrsid9063533 
\par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid9840673 BE IT ENACTED}{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912  by the Parliament of the Cook Islands in Session assembled, and }{
\fs24\lang2057\langfe5129\langnp2057\insrsid9063533 by the authority of the same, as}{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912  follows:}{\fs24\lang2057\langfe5129\langnp2057\insrsid9063533 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7296124 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9790161 1.}{\fs24\lang2057\langfe5129\langnp2057\insrsid9063533  }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid9063533 Short Title and commencement}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912  - (1) This Act may be cited as the Companies Amendment Act 1984 and shall be read with and deemed}{\fs24\lang2057\langfe5129\langnp2057\insrsid9790161  part of the Companies Act 1955 }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 (hereinafter referred to as the principal Act) an }{\fs24\lang2057\langfe5129\langnp2057\insrsid9063533 enactment of the Parliament of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 New Zealand extended to the Cook Islands and modified by the Companies Act 1970-71 an enactment of the Parliament of the Cook Islands.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9063533 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14310354 {\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid9063533  This Act 
shall come into force on the 1st day of }{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 January 1985.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9063533 2. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14250397 Disqualification}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid9063533  for appointment as auditor}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9063533  - Section 165(1)(c) of }{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 the }{\fs24\lang2057\langfe5129\langnp2057\insrsid9063533 principal Act is hereby amended b}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 y adding, at the end thereof the words, "other than an unlimited liability company having not less than 75 per centum of its share cap}{
\fs24\lang2057\langfe5129\langnp2057\insrsid8281050 ital held by persons qualified f}{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 or appointment as auditors of}{\fs24\lang2057\langfe5129\langnp2057\insrsid9063533  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8281050 a }{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 company }{\fs24\lang2057\langfe5129\langnp2057\insrsid8281050 or where the company }{
\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 has no share capital, not less than }{\fs24\lang2057\langfe5129\langnp2057\insrsid8281050 75 per }{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 
centum of its members are persons so qualified."}{\fs24\lang2057\langfe5129\langnp2057\insrsid8281050 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9063533 
\par 3. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid9063533 Disqualification of body corporate for appointment as}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9063533\charrsid9063533  }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid9063533 liquidator}{\fs24\lang2057\langfe5129\langnp2057\insrsid9063533  - Sect}{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 ion 323 }{
\fs24\lang2057\langfe5129\langnp2057\insrsid1059526 of the principal Act as amended b}{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 y pa}{\fs24\lang2057\langfe5129\langnp2057\insrsid1059526 ragraph }{
\fs24\lang2057\langfe5129\langnp2057\insrsid8281050 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid1059526 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid8281050 )}{\fs24\lang2057\langfe5129\langnp2057\insrsid1059526  o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6976378 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid1059526  section 21 of the Co}{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 
mpanies Act 1970-71 is hereby amended by inserting after subsection (1) the following subsection.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1059526 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid1059526 {\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 
"(2) Nothing, in this section shall disqualify a body corporate from acting as liquidator of a company if that body corporate is qualified for appointment as auditor of a company."
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe5129\langnp2057\insrsid1059526 
\par 4. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid1059526 Disqu}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1059526 a}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid1059526 lificat}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1059526 ion}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid1059526  of body corporate for appointment}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1059526\charrsid1059526  }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid1059526 receiver}{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 - Section 324 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid14250397 f }{
\fs24\lang2057\langfe5129\langnp2057\insrsid1059526 the principal Act is amended b}{\fs24\lang2057\langfe5129\langnp2057\insrsid14250397 y inserting after subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 
 (1) the following subsection:}{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6976378\charrsid3875912 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14250397 {\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 
"(2) Nothing in this section shall disqualify a body corporate from acting as receiver if that body corporate is qualified for appointment as auditor of a company."
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe5129\langnp2057\insrsid14250397 
\par 5. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid14250397 Formation of private companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid14310354  - Section 353}{\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 
(1) of the principal Act is amended by adding after the words "by guarantee" the words "or unlimited".
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14250397 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14250397 {\fs24\lang2057\langfe5129\langnp2057\insrsid14310354 ------------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid14250397 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7296124 {\fs24\lang2057\langfe5129\langnp2057\insrsid7296124 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid6976378 {\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 This Act is admin}{\fs24\lang2057\langfe5129\langnp2057\insrsid14250397 istered in the Justice Departme}{
\fs24\lang2057\langfe5129\langnp2057\insrsid7148663\charrsid3875912 nt.
\par }}