The Registrar of Companies, Neville Harris, will consult with Jean Hubbard and her advisers before making a final decision on the future of her statutory management following Allan Hubbard’s death last weekend.

The government plans to tighten requirements for company directors and company registration, Commerce Minister Simon Power announced today.

The main change will require all New Zealand companies to have either one New Zealand-resident director or a local agent.

Mr Power said the measures are designed to shore up New Zealand’s company registration process against criminal activity from overseas.

Five former Feltex directors facing criminal charges laid by the Registrar of Companies won't have their case heard until at least April next year.

The Auckland District Court has set aside two weeks starting from April 12, 2010 to hear the case. However the official date could change.

A judge is still to be allocated to the case although NBR understands the parties will be informed early next week.

Trustee companies say they are open to new measures to protect investors after a report said their failings were partly responsible for a "tsunami" of finance company collapses.

A report by registrar of companies Neville Harris for Parliament's commerce select committee paints a picture of multiple failures and dodgy practices among directors, management, trustees, receivers and auditors.

Blue Chip founder Mark Bryers’ attempt to revive his Australian-listed company is facing an obstacle from the Registrar of Companies.

The Registrar of Companies filed an application to liquidate Mr Bryers' remaining investment vehicle, Northern Crest Investments, on February 18.

A Companies Office spokeswoman says the Registrar took action after the company failed to file financial statements in accordance with the Financial Reporting Act 1993.