No. 7/2018 INSOLVENCY Cap. 6:07 (ii) the effect, if any, that the plan contemplates on the number of employees, and their terms and conditions of employment; (iii) a projected balance sheet for the company and statement of income and expenses for the ensuing three years, prepared on the assumption that the proposal is accepted. (4) The projected balance sheet and statement required by subsection (3)(c) (iii)(a) must include a notice of any significant assumptions on which the projections are based; (b) may include alternative projections based on varying assumptions and contingencies. (5) A proposal must conclude with a certificate by an authorised director or prescribed officer of the company stating that any(a) factual information provided appears to be accurate, complete, and up to the date; (b) projections provided are estimates made in good faith on the basis of factual information and assumptions as set out in the statement. (6) A proposal contemplated in this section will have been adopted by the creditors of the company, or the members of a relevant class of creditors, if it is supported by a majority in number, representing at least 75 percent in value of the creditors or class, as the case may be, present and voting in person or by proxy, at a meeting called for that purpose. (7) If a proposal is adopted as contemplated in subsection (6)(a) the company may apply to the Court for an order approving the proposal; and (b) the Court, on an application in terms of paragraph (a) may sanction the compromise as set out in the adopted proposal, if it considers it just and equitable to do so, having regard to(i) the number of creditors of any affected class of creditors, who \vere present or represented at the meeting, and who voted in favour of the proposal; and (ii) in the case of a compromise in respect of a company being liquidated, the report of the Master. (8) A copy of an order of the Court sanctioning a compromise(a) (b) (c) must be filed by the company within five business days; and must be attached to each copy of the company's Memorandum of Incorporation that is kept at the company's registered office, or elsewhere, if applicable; and is final and binding on all of the company's creditors or all of members of the relevant class of creditors, as the case may be, as of the date on which it is filed. (9) An arrangement or a compromise contemplated in this section does not affect the liability of any person who is a surety of the company. Sus-PART F-APPUCAT!ON OF PART To DEBTORS OTHER THAN CoMPANIES 148 Application of Part XXIII to debtors other than companies ( 1)The provisions of this section apply to a debtor provided for in subsection (2) who carries on a business and employs I 0 or more employees. 308