Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 450

Transitional provisions

450.
(1) Without prejudice to the provisions of section 5 and 10 of the Interpretation Ordinance-
(a) nothing in the repeal of any former written law-relating to companies shall affect any order, rule, regulation, scale of fees, appointment, conveyance, mortgage, deed or agreement made, resolution passed, direction given, proceeding taken, instrument issued or thing done under any former written law relating to companies, but any such order, rule, regulation, scale of fees, appointment, conveyance mortgage, deed, agreement, resolution, direction, proceeding, instrument or thing shall, if in force on the appointed date, continue in force, and so far as it could have been made, passed, given, taken, issued or done under this Act, shall have effect as if made, passed, given, taken, issued, or done under the provisions of this Act;
(b) any document referring to any former written law relating to companies shall be construed as referring to the corresponding provision of the provisions of this Act;
(c) any person appointed to any office under or by virtue of any former written law relating to companies shall be deemed to have been appointed to that office under or by virtue of the provisions of this Act;
(d) any register kept under any former written law relating to companies shall be deemed part of the register to be kept under the corresponding provisions of this Act;
(e) all funds and accounts constituted under the provisions of this Act, shall be deemed to be in continuation of the corresponding funds and accounts constituted under the former written law relating to companies.
(2) In this section the expression " former written law relating to companies " means any written law repealed by the Companies Ordinance or this Act.


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