New Zealand Gazette – 1991 – No. 91

Page 1994

✨ Stock Exchange Rules Amendment



1994 NEW ZEALAND GAZETTE

                            No. 91

29 Amendment to Rules

29 (1) These Rules or any of them may be altered, by way of rescission, amendment, addition, or otherwise by a resolution passed by a 3/4ths majority of the votes cast at an annual or special meeting of members.

29 (2) No resolution for alteration of these Rules or any of them shall be submitted to a meeting of members unless the same has been proposed by the Chairman, by the Board, or by a member and unless notice in writing of intention to submit such resolution shall have been given to the Managing Director within sufficient time to enable him to give the notice referred to in Rule 29 (3).

29 (3) Fourteen days’ notice in writing of details of the proposed alteration shall be given by the Managing Director to the Board and to members.

29 (4) No proposed alteration if rejected by members shall without the consent of the Board be reconsidered by members for six calendar months from the date of the meeting at which it was rejected.

29 (5) Where a rule is altered, no further alteration to the rule shall, without the consent of the Board be considered by members for six calendar months from the date on which such altered rule took effect.

29 (6) Any amendment or repeal of any of these rules shall not affect the validity of any proceedings completed, action taken or decision made under the rule or rules so amended or repealed. Unless any transitional rule is put in place, any proceedings commenced or action taken under a rule being repealed or amended shall be completed according to the provisions of the rule prior to its amendment or repeal.

MARIE SHROFF, Clerk of the Executive Council.

PUBLISHED BY AUTHORITY OF DEPARTMENT OF INTERNAL AFFAIRS.
GP PRINT LIMITED, NEW ZEALAND—1991
ISSN 0111-5650
Price $3.10 (incl. GST)
25273H—91A


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✨ LLM interpretation of page content

🏭 New Zealand Stock Exchange Rules 1991 (continued from previous page)

🏭 Trade, Customs & Industry
17 June 1991
Stock Exchange, Rules, Regulations, 1991, Membership, Trading, Discipline
  • MARIE SHROFF, Clerk of the Executive Council