Section 937 of The Companies Act No. 17 of 2015: Directors of merging companies to prepare explanatory report relating to proposed merger
(1) The directors of each of the merging companies shall prepare and adopt a report that complies with subsection (2).
(2) A report complies with this subsection if it includes—
(a) the statement required by section 924; and
(b) insofar as that statement does not deal with the following matters, a further statement—
(i) setting out the legal and economic grounds for the draft terms, and in particular for the share exchange ratio; and (ii) specifying any special valuation difficulties.
(3) This section is subject to section 944.
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- Section 963 - Power of the Court to exclude certain requirements in the case of division
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