939 Court to fix date for transfer of undertaking etc of transferor company
939 Court to fix date for transfer of undertaking etc of transferor company
Companies Act 2006 | Legislation

(1)     Where the court sanctions the compromise or arrangement, it must—

(a)     in the order sanctioning the compromise or arrangement, or

(b)     in a subsequent order under section 900 (powers of court to facilitate reconstruction or amalgamation),

fix a date on which the transfer (or transfers) to the transferee company (or transferee companies) of the undertaking, property and liabilities of the transferor company is (or are) to take place.

(2)     Any such order that provides for the dissolution of the transferor company must fix the same date for the dissolution.

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