(1) Where an application is made under section 500 to the court for an order confirming a division this section applies.
(2) The court, on being satisfied that -
(a) the requirements of this Chapter have been complied with,
(b) proper provision has been made for -
(i) any minority shareholder in any of the companies involved in the division who has made a request under section 499, and
(ii) any creditor of any of the companies who objects to the division in accordance with section 501,
(c) the rights of holders of securities other than shares in the transferor company are safeguarded in accordance with section 502, and
(d) where applicable, the relevant provisions of Chapter 4 of Part 3 on the variation of the rights attached to any class of shares in any of the companies involved in the division have been complied with,
may make an order confirming the division with effect from such date as the court appoints (the "effective date").
(3) In the case of an asset or liability (including
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