Section 263:
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.
263. Court may make additional orders
(1) Subject to section 262, the Court may, for the purpose of giving effect to any arrangement or amalgamation or compromise approved under
C35 β 157 [Issue 1]
Companies Act
that section, either by the order approving the arrangement or amalgamation
or compromise, or by any subsequent order, provide for, and prescribe terms
and conditions relating toβ
(a) the transfer or vesting of real or personal property, assets,
rights, powers, interests, liabilities, contracts, and engagements;
(b) the issue of shares, securities, or policies of any kind;
(c) the continuation of legal proceedings;
(d) the liquidation of any company;
(e) the provisions to be made for persons who voted against the
arrangement or amalgamation or compromise at any meeting
called in accordance with any order made under subsection (2)
of that section or who appeared before the Court in opposition
to the application to approve the arrangement or amalgamation
or compromise; or
(f) such other matters that are necessary or desirable to give effect
to the arrangement or amalgamation or compromise.
(2) Within 14 days of an order being made by the Court, the Board of the
company shall ensure that a copy of the order is filed with the Registrar for
registration.
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Questions this section answers
- Can the Court order the transfer of a company's property to give effect to an approved arrangement?