Section 93, The Companies Act, 2009

(1) The Commission, on production to it of the order ofthe court confirming the reduction of a company’s share capital, and the delivery to it of a copy of the order and of the minutes of the meeting of the company (approved by the court) showing, with respect to the company’s share capital as altered by the order – (a) the amount of the share capital; (c) the number of shares into which it is to be divided, and the amount of each share; and (c) the amount (if any) at the date of the registration deemed to be paid up on each share, shall register the order and minutes. (2) On the registration of the order and minutes, and not before, the resolution for reducing the share capital as confirmed by the order so registered shall take effect. (3) A notice of the registration shall be published in such manner as the court may direct. (4) The Commission shall certify the registration of the order and minutes and the certificate– (a) may be either signed by the Registrar or authenticated by the official seal of the Commission; (b) shall be prima facie evidence that all the requirements of this Act with respect to the reduction of share capital have been complied with, and that the company’s share capital is as stated in the minutes. (5) The minutes when registered shall be deemed to be substituted for the corresponding part of the company’s memorandum, and valid and alterable as if it had been originally contained in it. (6) The substitution of such minutes for part of the company’s memorandum shall be deemed an alteration of the PART VII –SHARES Nature of shares