(1) The court, on being satisfied that -
(a) the requirements of these Regulations have been complied with,
(b) proper provision has been made for -
(i) any dissenting shareholder of any of the merging companies who has made a request under Regulation 15, and
(ii) any creditor of any of the merging companies who objects to the merger in accordance with Regulation 17, and
(c) the rights of holders of securities other than shares in any of the companies being acquired are safeguarded in accordance with Regulation 18,
may, subject to Regulation 20, make an order confirming the merger with effect from such date as the court appoints ("the appointed date").
(2) The order of the court confirming the merger shall, with effect from the appointed date, have the following effects -
(a) all the assets and liabilities of the company or companies being acquired shall stand transferred to the acquiring company in accordance with the draft terms of merger as approved by the court;
(b) the shareh