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.