Meeting of transferee companyE+W+S
[F11Subject to paragraphs 10(1), 12(4) and 14(2), the court shall not sanction a compromise or arrangement under section 425(2) unless a majority in number representing three-fourths in value of each class of members of every pre-existing transferee company concerned in the scheme, present and voting either in person or by proxy at a meeting, agree to the scheme.]
Textual Amendments
F1Sch. 15A (old) inserted by S.I. 1987/1991, reg. 2(c), Sch. Pt. II