Section 93 — Registration of order of reduction

(1) The registrar on the filing
with him of a certified copy of order of the Court confirming the reduction of the
share capital of the company, shall register the same.

(2) A resolution for reducing share capital as confirmed by an order of
the Court registered under sub-section (1) shall take effect on such registration and
not before.

(3) The registrar shall certify under his hand the registration of the order
and his certificate shall be conclusive evidence that all the requirements of this Act
with respect to reduction of share capital have been complied with, and that the
share capital of the company is such as is stated in the order.