(1) Where the Registrar receives an application made in accordance with section 125, he or she shall appoint an independent actuary to investigate the financial position of the company.
(2) The actuary appointed under subsection (1), shall on the completion of his or her investigation, furnish the Registrar with a report on his or her findings.
(3) In addition to the findings of the actuary, the report shall state—
(a) the price which should be offered for the shares of the company;
(b) the terms and conditions of the security which should be offered in exchange for the shares; and
(c) such other information as the Registrar may require.