Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The Court, if
satisfied that the consent of every creditor of the company who under this Act
is entitled to object to the reduction has been obtained or his debt or claim
has been discharged or has determined or has been secured, may make an order
confirming the reduction on such terms and conditions as it thinks fit.
(2) Where the Court
makes any such order, it may —
(a) if
for any special reason it thinks proper so to do, make an order directing that
the company shall, during such period, commencing on or at any time after the
date of the order, as is specified in the order, add to its name as the last
words thereof the words “and reduced”; and
(b) make
an order requiring the company to publish as the Court directs the reasons for
reduction, or such other information in regard thereto as the Court may think
expedient, with a view to giving proper information to the public, and, if the
Court thinks fit, the causes which led to the reduction.
(3) Where a company is
ordered to add to its name the words “and reduced”, those words
shall, until the expiration of the period specified in the order, be deemed to
be part of the name of the company.