Section 256 - Additional orders of Court

(1) The Court may, for the purpose of giving effect to any arrangement, compromise, merger or division under sections 253 to 257 or by any subsequent order, provide for, and prescribe the terms and conditions relating to

(a) the vesting of real property, personal property or assets;

(b) the transfer of rights, powers, interests, liabilities, contracts, or engagements;

(c) the issue of shares, securities, or policies of any kind;

(d) the continuation of legal proceedings;

(e) the dissolution, without winding up, of a transferor company;

(f) the provisions to be made for persons who

(i) voted against the arrangement, compromise, merger or division at any meeting called in accordance with an order made under this Act; or

(ii) appeared before the Court in opposition to the application to approve the arrangement, compromise, merger or division; and

(g) any other matters that are necessary or desirable to give effect to the arrangement, compromise, merger or division.

(2) The directors of a company concerned shall, within fourteen days of an order being made by the Court, ensure that a copy of the order is filed with the Registrar for registration.

(3) Where a company defaults in complying with subsection (2), the company and every officer of the company that is in default is liable to pay to the Registrar, an administrative penalty of ten penalty units for each day during which the default continues.