Section 371(3)

Where an application is made on the ground mentioned in subsection (2)(b), the court may as an alternative to directing that the proposed proceedings under section 370 are not to be brought, direct— that such proceedings may be brought on such terms and conditions as the court thinks fit, and that the proceedings brought by the company— shall be discontinued, or may be continued on such terms and conditions as the court thinks fit.

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Source: legislation.gov.uk · retrieved 2026-09-04