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Section 252: Powers of Court in other cases

Companies Act · PART XVI: AMALGAMATIONS

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

252. Powers of Court in other cases (1) Where the Court is satisfied that giving effect to an amalgamation proposal would unfairly prejudice a shareholder or creditor of an amalgamating company or a person to whom an amalgamating company is under an obligation, it may, on the application made by the person at any time before the date on which the amalgamation becomes effective, make any order it thinks fit in relation to the proposal, and may, without limiting the generality of this subsection, make an order— (a) directing that effect shall not be given to the proposal; (b) modifying the proposal in such manner as may be specified in the order; (c) directing the company or its Board to reconsider the proposal or any part of it. (2) An order made under subsection (1) may be made on such conditions as the Court thinks fit. PART XVII – COMPROMISES WITH CREDITORS

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