A New Zealand company commits an offence if it fails to maintain a share register as required by the Companies Act 1993, and it will be liable to a fine of up to $10,000.

Each director must take reasonable steps to ensure that the register is properly kept and that share transfers are recorded promptly. It is an offence for a director to fail to comply with these duties, and is also punishable by a fine of up to $10,000.