Reduction of share capital confirmed by Tribunal, with minute approval and mandatory Registrar filing to record altered capital structure. The Tribunal confirms the company's reduction of share capital effected by special resolution if creditor consent, discharge, determination or security is satisfied; the Tribunal may impose terms and conditions and approve the minute recording the new capital and particulars of issued, unissued and partly paid shares. A certified copy of the order including the approved minute must be delivered to the Registrar of Companies within thirty days of receipt of the order, the date of the order being the date of approval of the minute.
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Provisions expressly mentioned in the judgment/order text.
Reduction of share capital confirmed by Tribunal, with minute approval and mandatory Registrar filing to record altered capital structure.
The Tribunal confirms the company's reduction of share capital effected by special resolution if creditor consent, discharge, determination or security is satisfied; the Tribunal may impose terms and conditions and approve the minute recording the new capital and particulars of issued, unissued and partly paid shares. A certified copy of the order including the approved minute must be delivered to the Registrar of Companies within thirty days of receipt of the order, the date of the order being the date of approval of the minute.
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