Clause 23

Section 42 of the principal Act is hereby repealed and the following substituted therefor: —“Operation of Act not to affect the Companies Act, 196742. Nothing in this Act shall affect the operation of the Companies Act, 1967 (Act 42 of 1967), and any company that is liable to be incorporated under that Act shall continue to be so liable as if this Act had not been passed but in case of conflict between that Act and this Act the provisions of this Act shall prevail unless otherwise provided in this Act.”.