Section 542 of The Companies Act No. 17 of 2015: Relaxation of restrictions
(1) If an order of the Court directs shares to be subject to restrictions, thecompany or any person aggrieved may make an application to the Court on the ground that the order unfairly affects the rights of third persons in relation to the shares.
(2) On the hearing of an application made under subsection (1), the Court may,if satisfied that the application is substantiated, make a further order directing that such acts by such persons or classes of persons, and for such purposes, as may be set out in the order do not constitute a breach of the restrictions.
(3) The Court may make such an order subject to such terms as it considers appropriate.
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