Section 92: Order confirming reduction
The Companies Act, 2017 · Federal Acts · in_force
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92. Order confirming reduction.—If the Court is satisfied with respect to every creditor of the company who under this Act is entitled to object to the reduction that either his consent to the reduction has been obtained or his debt or claim has been discharged or has been determined or has been secured, the Court may make an order confirming the reduction on such terms and conditions as it thinks fit.
Effective date: 2017-05-30
Related sections
Section 91: Power to dispense with consent of creditor on security being given for his debtSection 93: Registration of order of reductionSection 90: Objection by creditors and settlement of list of objecting creditorsSection 94: Liability of members in respect of reduced sharesSection 89: Reduction of share capitalSection 95: Penalty on concealment of name of creditor
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