COMPANIES ACT - 1963 (ACT 179)

    Section - 78 - Order and Minute to be Registered

    (1) The Registrar, upon production to him of an order of the Court confirming the resolution requiring confirmation and the delivery to him of a copy of the order and of a minute, approved by the Court, showing,

    (a) the new stated capital of the company,

    (b) the number of authorised and issued shares and the classes, if any, into which they are divided,

    (c) the amount deemed to be paid and the unpaid liability if any, on such issued shares, distinguishing the amount paid in cash and the amount paid otherwise than in cash,

    shall register the order and minute and cause the particulars stated in the minute to be published in the Gazette.

    (2) On registration of the order and minute, and not before, the resolution for reduction shall take effect.

    (3) The Registrar shall certify under his hand the registration of the order and minute and such certificate shall be conclusive evidence that all the requirements of this Code with respect to the resolution requiring confirmation have been complied with and that the stated capital and shares of the company are such as is stated in the minute.