Section 544 of The Companies Act No. 17 of 2015: Order of Court for sale of shares
(1) The Court may order that the shares subject to restrictions be sold, subjectto the Court’s approval as to the sale.
(2) An application for an order under subsection (1) may only be made by thecompany.
(3) If the Court has made an order under this section, it may make such furtherorder relating to the sale or transfer of the shares as it considers appropriate.
(4) An application for an order under subsection (3) may be made—
(a) by the company;
(b) by the person appointed by or in accordance with the order to carry out the sale; or
(c) by any person who holds an interest in the shares.
(5) In making an order under subsection (1) or (3), the Court may also make an order that the applicant's costs be paid from the proceeds of sale.
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