Section 226 — Companies Act 1993: Powers of Court in other cases
Text of the provision Official document
226 Powers of Court in other cases (1) If 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 at any time before the date on which the amalgamation becomes effective, of that person, 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 must 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 may be made under subsection (1) of this section on such conditions as the Court thinks fit.
Official source: legislation.govt.nz
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