(1) An expert's report must be drawn up on behalf of each of the merging companies.
(2) The report required is a written report on the draft terms to the members of the company.
(3) The court may on the joint application of all the merging companies approve the appointment of a joint expert to draw up a single report on behalf of all those companies.
If no such appointment is made, there must be a separate expert's report to the members of each merging company drawn up by a separate expert appointed on behalf of that company.
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