Section 247 - Exemption from publication of reports and other requirements of law

(1) The Court may, on the application of a merging company, a member of a merging company or a creditor of a merging company, exempt that merging company from the publication of the report, issued by an insolvency practitioner pursuant to paragraph (g) of section 245, or any other requirement under this Act if the Court considers it appropriate.

(2) Despite subsection (1), the requirement for a report issued by an insolvency practitioner may be dispensed with only if the merging companies agree in writing to the dispensation.