Section 237 — Companies Act 1993: Court may make additional orders

237 Court may make additional orders (1) Without limiting section 236 of this Act, the Court may, for the purpose of giving effect to any arrangement or amalgamation or compromise approved under 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 to,— (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)(b) of that section or who appeared before the Court in opposition to the application to approve the arrangement or amalgamation or compromise: (f) Such other matters that are necessary or desirable to give effect to the arrangement or amalgamation or compromise. (2) Within 10 working days of an order being made by the Court, the board of the company must ensure that a copy of the order is delivered to the Registrar for registration. (3) If the board of a company fails to comply with subsection (2) of this section, every director of the company commits an offence and is liable on conviction to the penalty set out in section 374(2) of this Act.