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Commentary

257.2 Further steps required

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

257.2 Further steps required

| Commentary

257.2 Further steps required

If it is necessary for the transferor company to take further steps to ensure that the undertaking, property and liabilities are fully transferred to the appropriate transferee company, the court must fix a date by which these steps must be taken1. This date must be no later than six months after the date fixed for the transfer or transfers referred to in Paragraph 257.1, but the court may postpone the date if it is satisfied that the necessary steps cannot be completed by the date originally fixed2.

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