This proceeding relates to allegations that Messrs Prain and Schroeder, as Directors of Apple Fields Limited failed to deliver financial statements to the Registrar of Companies under ss 18(1) & 38(b) Financial Reporting Act 1993.
The Court of Appeal issued a decision allowing the appeal and quashing the orders made in the District Court
See COA judgment.
The High Court issued a decision dismissing the directors’ appeal.
The appeal hearing was held in the Christchurch High Court. The Judge’s decision has been reserved.
The directors filed an appeal against both the substantive decision and the sentence. The appeal will be heard in the Christchurch High Court on 29 September 2015.
The directors were fined $30,000 each at the Christchurch District Court for failing to deliver financial statements to the Registrar of Companies for the years ending 2011, 2012 and 2013. See media release.
The Judge issued a decision in the Christchurch District Court and found that the directors had breached the Financial Reporting Act. Sentencing will take place on 25 May 2015.
A hearing date has been allocated for this matter in the Christchurch District Court on 20 November 2014.
Messrs Prain and Schroder appeared in the Christchurch District Court on 12 June 2014 and each pleaded not guilty to all charges. The matter has been allocated a Case Review Hearing on 24 July 2014. See media release.