New Zealand Legislation: Acts

32 Persons not to act as officers of licensed company without consent of Registrar

• (1) In the case of a licensee that is a company—

  • (a) No person who is not a director of the company at the time when the application for the licence is granted shall subsequently act as a director of the company; and

  • (b) No person who is not an officer of the company at the time when the application is granted shall subsequently act as an officer of the company—

  without the prior written approval of the Registrar.

  (2) A licensee may at any time apply in writing to the Registrar for approval of any person under subsection (1) of this section.

  (3) The Registrar shall not give his approval under subsection (1) of this section in respect of a person unless the Registrar is satisfied that taking into account the requirements of section 27 of this Act, the company will still be a proper person to be the holder of the licence.

  (4) The provisions ofsection 17 of this Act shall apply with any necessary modifications to any application for the Registrar's approval made under this section.

  (5) Every person who contravenes subsection (1) of this section commits an offence against this Act.

  (6) Every licensee who, being a company, employs any person or permits any person to act as a director or other officer of the company in contravention of subsection (1) of this section, commits an offence against this Act.

  (7) [Repealed]

  Subsection (4) was amended, as from 1 July 1995, by section 4(2) Private Investigators and Security Guards Amendment Act 1995 (1995 No 14) by omitting the words “subsection (4) of”.

  Subsections (5) and (6) were amended, as from 1 July 1995, by section 17 Private Investigators and Security Guards Amendment Act 1995 (1995 No 14) by inserting the words “against this Act”.

  Subsection (7) was repealed, as from 1 July 1995, by section 17 Private Investigators and Security Guards Amendment Act 1995 (1995 No 14).