Singapore legislation
Section 78G
Section 78G
Reduction by special resolution subject to Court approval
(1)
A company limited by shares may, as an alternative to reducing its share capital under section 78B or 78C, reduce it in any way by a special resolution approved by an order of the Court under section 78I, but the resolution and the reduction of the share capital do not take effect until —
(a)
that order has been made;
(b)
the company has complied with section 78I(3) (lodgment of information with Registrar); and
(c)
the Registrar has recorded the information lodged with him or her under section 78I(3) in the appropriate register.
(2)
[Deleted by Act 36 of 2014]