Scheme at meeting - reconstructions, Business Law and Ethics

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Scheme at meeting - reconstructions:

Following approval of the scheme at meeting(s) application is made to the court for an order to approve and implement the scheme. At this stage any minority which opposes the scheme may state its objections for consideration by the court:

a copy of the court order approving the scheme is delivered to the registrar and the scheme then takes effect, ie, the changes are made automatically as soon as this is done.

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