COMPANIES BILL
LAW SOCIETY COMMENT (Bv Telegraph—Press Association) WELLINGTON, 16th February. , At a meeting of the council of the New Zealand Law Society yesterday attention was drawn to section 29 of tile Companies (Bondholders Incorporation) (No. 2) Bill, which reads: “Proceedings before the Commission shall not be held bad for want want of form. No appeal shall lie from any order made by tbe Commission, and, except upon the ground of lack of jurisdiction, no order or proceeding of the Commission shall be liable to be challenged, reviewed, quashed, or called ,in question in any court.” It was unanimously agreed that the strongest protest against such a provision was warranted, and the following resolution was passed:— “That in the opinion of this council, section 29 of the Companies (Bondholders Incorporation) (No. 2) Bill should not be passed. If the order contemplated by this section is an administrative one. the section is unnecessary ; if, on the other hand, judicial functions are contemplated, then tile persons affected should have the ordinary right of recourse to the court,”
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Bibliographic details
Nelson Evening Mail, Volume LXVI, 18 February 1935, Page 6
Word Count
175COMPANIES BILL Nelson Evening Mail, Volume LXVI, 18 February 1935, Page 6
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