Section 102 - Order confirming reduction and powers of Tribunal on making such order.

Reduction of capital: Tribunal may confirm subject to creditor consent or security and require name change or disclosure.

The Tribunal may confirm a company's reduction of share capital only if every creditor entitled to object has consented or had his debt or claim discharged, determined, or secured; it may impose terms on confirmation. For special reasons the Tribunal can require the company to add the words 'and reduced' to its name for a specified period, and may require publication of reasons or other information the Tribunal deems expedient to inform the public.