When you incorporate, you must provide details of all company shares and shareholders to the Companies Office. As changes occur to the total number of shares in your company, you must notify the Companies Office within 10 working days of the change. You must also update this information on your own share register and in your company's annual return.
A company's right to issue shares is governed by the Companies Act 1993 and the company's own constitution (if it has one). Every NZ company must have at least 1 shareholder and issue at least 1 share, and an existing company may choose to issue more shares. When a company passes on shares to new or existing shareholders, this is called a share issue. A company can issue one or more shares, and each allocation of shares can have one or more shareholders. Shares may be issued to anyone, singly or in combination.