(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 companies involved in the division who has made a request under Regulation 34, and
(ii) any creditor of any of the companies who objects to the division in accordance with Regulation 36, and
(c) the rights of holders of securities other than shares in any of the companies being acquired are safeguarded in accordance with Regulation 37,
may make an order confirming the division with effect from such date as the court appoints ("the appointed date").
(2) The order of the court confirming the division 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 companies in accordance with the draft terms of division as approved by the court;
(b) the shareholders o