(1) In the case of a division, the court may by order direct that—
(a) in relation to any company involved in the division, the requirements of—
(i) section 921 (publication of draft terms), and
(ii) section 926 (inspection of documents),
do not apply, and
(b) in relation to an existing transferee company, section 932 (circumstances in which meeting of members of transferee company not required) has effect with the omission of the [first, second and third] conditions specified in that section,
if the court is satisfied that the following conditions will be fulfilled in relation to that company.
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