Clause 22

Any company which, before the date of the coming into operation of this Act, had entered into any transaction prohibited by the provisions of sections 17, 18, 19, 20 and 21 of this Act shall, if it is licensed under this Act, within six months of that date, submit a statement of those transactions to the Commissioner and shall, furthermore, within the said time, or such further time as the Commissioner may specify, liquidate those transactions or failing liquidation of those transactions be subject to the restrictions specified in sections 17, 18, 19, 20 and 21 of this Act and be bound accordingly to dispose of any movable or immovable property, or any right, title or interest therein as may have been acquired as a result of those prohibited transactions.