Firms wound up
PA Wellington There was a marked rise in the numbers -of companies ordered to wind up in April, reports the commercial affairs division of the Justice Department. A total of 28 companies was ordered to wind up by the court, and 35 did so voluntarily, compared with 9 and 34 respectively in April, 1978. A total of 398 new companies, including three overseas companies, were registered during April, 1979. For April, 1978, the figures were 436 and six respectively. Receivers were appointed to 20 companies while 12 ceased to act during April, 1979. For April, 1978, the figures were 33 and 14 respectively. Some 330 companies (nil overseas) companies were dissolved during April, 1979, either by. their liquidation icing complete or being truck from the register. For Xpril, 1978, the figures were 134 and two respectively. The nominal share capital of 188 companies was increased during April, 1979, vhile April, 1978, saw 178 ncreases.
No companies decreased heir nominal share capital during April, 1979. while April 1978 saw one decrease. As at April 30, 1979, there were 109,837 companies on he register, including 671
overseas companies. For the same time in 1978 the figures were 109,929 and 659 respectively.
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Press, 13 June 1979, Page 23
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202Firms wound up Press, 13 June 1979, Page 23
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