Amendment of the Companies Act 19852.

In section 136(3) of the Companies Act 19853 (application to court for order confirming reduction of share capital: creditors entitled to object)—

(a)

after “who” insert “— (a)”, and

(b)

after “admissible in proof against the company” insert—

“, and

(b)

can show that there is a real likelihood that the reduction would result in the company being unable to discharge his debt or claim when it fell due,”.