Depending on the information being shared with the New Zealand Companies Office, there are different deadlines for how soon you must update any changes being made. More information can be found at the New Zealand Companies Office website. When a share parcel is changed within your business, you have 10 days to update the New Zealand Companies Office so it is a good idea to make updates as soon as you can.
If I update my information on Orchestra, do I also need to update my information on the New Zealand Companies Office?
Orchestra has been built in such a way that you do not have to update information in both systems. Any changes to share allocations and shareholder addresses (and in the future, other information such as directors’ details) will flow directly from Orchestra to the New Zealand Companies Office. It is still possible that your records with the New Zealand Companies Office could be manually updated by any members of the company or service providers who have administrative access.