Section 17Part 2 — Constitution and Incorporation of Companies and Associations
Registration of order and minute of reduction
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Amended by LG13/S2
The Registrar, on delivery to that person of a copy of an order of the Court confirming the reduction of the share capital of a company, and of a minute approved by the Court, showing, with respect to the share capital of the company as altered by the order, the amount of the share capital , the number of shares into which it is to be divided and the amount of each share, and the amount, if any, at the date of the registration of the order and minute deemed to be paid up on each share, shall register the order and minute.
On the registra tion of the order and minute, and not earlier, the special resolution for reducing share capital as confirmed by the order so registered shall take effect.
Notice of the registration shall be published in such manner as the Court may direct.
The Re gistrar shall certify under that person’s hand the registration of the order and minute, and that person’s certificate shall be conclusive evidence that all the requirements of this Act with respect to reduction of share capital have been complied with, an d that the share capital of the company is such as is stated in the minute.
The minute, when registered, shall be deemed to be substituted for the corresponding part of the memorandum, and shall be valid and alterable as if it had been originally conta ined therein.