All sections · Part X: Conversions · Sub-Part III: Conversion of non-cellular company into protected cell company and vice-versa
199 受保护的细胞社会转换为非细胞社会的影响
(1) 如果一个受保护的细胞公司根据第198条转为非细胞公司--。
(a) 核心和细胞在这种转换之前所享有的所有财产权利仍为非细胞公司的财产和权利。
和民事责任，以及核心和每个单元在转换之前所承担的所有合同、债务和其他义务。
(c) 在紧接转换前可由核心公司或单元公司开始或继续进行的所有诉讼和其他法律程序，在转换后可由非单元公司开始或继续进行，或对其进行诉讼；以及
(d) 在转换后，有利于或不利于核心公司或单元公司的定罪、判决、命令或法令可由非单元公司执行或对其执行。
(2) 如果法院发现转换会对公司的任何成员或债权人造成不公平的损害，它可以根据该人在转换生效之日前的任何时间或在法院在任何特定情况下允许的进一步时间内提出的申请，作出它认为合适的与转换有关的命令，包括在不损害前述的一般性的情况下，作出命令。
(a) 指示不赋予该转换的效力；(b) 修改该转换，以允许它。
秩序中指定的；或
(c) 指示公司或其董事重新考虑转换或其任何部分。
(3) 根据第(2)款作出的命令可受法院认为合适的条件和惩罚的限制。
第十一部分 合并、合并和协议
第一分节 - 合并与合并
(a) 核心和细胞在这种转换之前所享有的所有财产权利仍为非细胞公司的财产和权利。
和民事责任，以及核心和每个单元在转换之前所承担的所有合同、债务和其他义务。
(c) 在紧接转换前可由核心公司或单元公司开始或继续进行的所有诉讼和其他法律程序，在转换后可由非单元公司开始或继续进行，或对其进行诉讼；以及
(d) 在转换后，有利于或不利于核心公司或单元公司的定罪、判决、命令或法令可由非单元公司执行或对其执行。
(2) 如果法院发现转换会对公司的任何成员或债权人造成不公平的损害，它可以根据该人在转换生效之日前的任何时间或在法院在任何特定情况下允许的进一步时间内提出的申请，作出它认为合适的与转换有关的命令，包括在不损害前述的一般性的情况下，作出命令。
(a) 指示不赋予该转换的效力；(b) 修改该转换，以允许它。
秩序中指定的；或
(c) 指示公司或其董事重新考虑转换或其任何部分。
(3) 根据第(2)款作出的命令可受法院认为合适的条件和惩罚的限制。
第十一部分 合并、合并和协议
第一分节 - 合并与合并
Translation for information only. Only the English original is legally binding.
Original wording (English, legally binding): Effects of conversion of protected cell company into non-cellular company
(1) Where a protected cell company is converted into a non-cellular company
of protected cell
by virtue of section 198 —
company into non-
cellular company
(a) all property and rights to which the core and cells were entitled
immediately before that conversion remain the property and
rights of the non-cellular company;
(b) the non-cellular company remains subject to all criminal and civil
liabilities, and all contracts, debts, and other obligations, to which
the core and each cell were subject immediately before its
conversion;
(c) all actions and other legal proceedings which, immediately
before the conversion, could have been instituted or continued
by or against the core or any cell may be instituted or continued
by or against the non-cellular company after the conversion;
and
(d) a conviction, ruling, order or judgment in favour of or against
the core or any cell may be enforced by or against the non-
cellular company after the conversion.
(2) If the Court is satisfied that the conversion would unfairly prejudice a
member or creditor of the company, it may, on the application of that
person made at any time before the date on which the conversion has
effect, or within such further time as the Court may in any particular case
allow, make such order as it thinks fit in relation to the conversion,
including, without prejudice to the generality of the foregoing, an order -
(a) directing that effect shall not be given to the conversion;
(b) modifying the conversion in such manner as may be specified
in the order; or
(c) directing the company or its directors to reconsider the
conversion or any part of it.
(3) An order under subsection (2) may be made on such terms and conditions
and subject to such penalty as the Court thinks fit.
of protected cell
by virtue of section 198 —
company into non-
cellular company
(a) all property and rights to which the core and cells were entitled
immediately before that conversion remain the property and
rights of the non-cellular company;
(b) the non-cellular company remains subject to all criminal and civil
liabilities, and all contracts, debts, and other obligations, to which
the core and each cell were subject immediately before its
conversion;
(c) all actions and other legal proceedings which, immediately
before the conversion, could have been instituted or continued
by or against the core or any cell may be instituted or continued
by or against the non-cellular company after the conversion;
and
(d) a conviction, ruling, order or judgment in favour of or against
the core or any cell may be enforced by or against the non-
cellular company after the conversion.
(2) If the Court is satisfied that the conversion would unfairly prejudice a
member or creditor of the company, it may, on the application of that
person made at any time before the date on which the conversion has
effect, or within such further time as the Court may in any particular case
allow, make such order as it thinks fit in relation to the conversion,
including, without prejudice to the generality of the foregoing, an order -
(a) directing that effect shall not be given to the conversion;
(b) modifying the conversion in such manner as may be specified
in the order; or
(c) directing the company or its directors to reconsider the
conversion or any part of it.
(3) An order under subsection (2) may be made on such terms and conditions
and subject to such penalty as the Court thinks fit.
