86 Registration of order and minute of reduction

(1) Where the Court confirms the reduction of a company‘s share capital, the
company shall deliver to the Registrar —


(a) the order of the Court confirming the reduction; and

(b) a minute, approved by the Court, showing in respect of the
company the information specified in subsection (2).


(2) The information to which subsection (1) refers is —

(a) the aggregate amount of the reduced share capital, as confirmed by
the Court;

(b) the number of shares into which the share capital is to be divided,
and, in the case of a par value company, the amount of each share;

(c) in the case of a par value company the amount (if any), at the date
of the registration of the order and minute under subsection (3),
which will remain paid up on each share which has been issued;
and

(d) in the case of a no par value company, the amount (if any)
remaining unpaid on issued shares.

(3) The Registrar shall register the order and minute, and thereupon the
resolution for reducing the share capital as confirmed by the order shall
take effect.

(4) The Registrar shall certify the registration of the order and minute and such
certificate —

(a) shall be signed by the Registrar and sealed with the Registrar‘s
seal;

(b) is conclusive evidence that all the requirements of this Act with
respect to the reduction of share capital have been complied with,
and the company‘s share capital is as stated in the minute.

(5) The minute when registered is deemed to be substituted for the
corresponding part of the company‘s memorandum.