Re Hodder & Tolley Ltd - [1975] 2 NZLR 395

Company law — Practice — Share premium account distribution to shareholders conditional upon setting up special fund out of capital reserves — Confirmation of special resolution by Court — Reduction of capital — Creditors other than monthly trade creditors consenting and company capable of and intending to pay taxes on due date — Special resolution confirmed without requiring compliance with s 78(1) and (2) of the Companies Act 1955 - Companies Act 1955, ss 64, 75(1), 76(2) and 78(1) and (2).