Companies Act 2014

834.

Relief for company in respect of prohibited transaction

834. (1) Subject to subsection (2), the court may, if it considers it just and equitable, grant relief to—

(a) any company that has a restricted person that by virtue of section 827 has contravened any provision of this Act, or

(b) any person adversely affected by that contravention.

(2) The court shall not grant relief to a company in respect of a contravention if the restricted person concerned complied with section 825 .

(3) The court may grant such relief, under this section, as it thinks fit, including an exemption from the provision in question, and on such terms and conditions as it thinks fit.