Companies (Amendment) Act, 1990
Cessation of protection of company and termination of appointment of examiner. |
26.—(1) Subject to section 5 , the protection deemed to be granted to a company under that section shall cease— | |
(a) on the coming into effect of a compromise or scheme of arrangement under this Act, or | ||
(b) on such earlier date as the court may direct. | ||
(2) Where a company ceases to be under the protection of the court, the appointment of the examiner shall terminate on the date of such cessation. |