Section 103 - Registration of order and minute of reduction.

Reduction of share capital: registration of Tribunal order and minute creates conclusive corporate record and substitutes the memorandum.

Registration of a share capital reduction requires the Registrar to receive a Tribunal order confirming the reduction and a certified minute showing the altered capital, number of shares, amount of each share, and any amount deemed paid-up; the Registrar must register and cause publication as directed. Registration cannot precede the effective resolution; the Registrar's certificate is conclusive evidence of compliance and the registered minute substitutes for and alters the corresponding part of the memorandum.