Companies Act, 1990

Powers of court.

101.—(1) The court may, on cause shown, rescind or vary a disclosure order.

(2) A disclosure order may specify a person, group or class of persons to which the order applies.

(3) The court may, if it considers—

(a) that it would be just and equitable to do so, and

(b) that the financial interest of the applicant would not be prejudiced thereby,

exempt in whole or in part from the requirements of a disclosure order—

(i) any person or class of persons,

(ii) any interest or class of interest in shares or debentures,

(iii) any share, group or class of shares,

(iv) any debenture, group or class of debentures.

(4) When the court makes a disclosure order it may impose, for a specific period of time, such conditions or restrictions on the rights or obligations attaching to the shares or debentures in respect of which the order is made as it deems fit.

(5) Any person whose interests are affected by any conditions or restrictions imposed on shares or debentures under subsection (4) may apply to the court for relief from all or any of those conditions and the court may, if it considers it just and equitable to do so, grant such relief in whole or in part and on such terms and conditions as it sees fit.