Clause 64

Section 22(2) and (4) of the Companies Act inserted by section 9 of this Act shall not apply to a company incorporated before the date of commencement of section 9 of this Act.

Section 27(2A) of the Companies Act inserted by section 12 of this Act shall apply in relation to a company incorporated at any time before the date of commencement of section 12 of this Act as if the reference in that subsection to the date of incorporation were a reference to the date of commencement of section 12 of this Act.

A reference under section 29 of the Companies Act as amended by section 14 of this Act to an approval of the Minister and to conditions subject to which such approval is granted shall be deemed to include a licence granted under section 29 of the Companies Act in force immediately before the date of the commencement of section 14 of this Act or under any corresponding previous written law, and to the conditions subject to which such a licence was granted, respectively.

A reference to a direction of the Minister under subsection (3) of section 29 of the Companies Act as amended by section 14 of this Act shall be deemed to include a direction of the Minister made under that subsection in force immediately before the date of commencement of section 14 of this Act or under any corresponding previous written law.

The amendments made to section 61 of the Companies Act by section 19 of this Act shall not apply to an allotment of shares by a company at any time before the date of commencement of section 19 of this Act; and section 61 of the Companies Act in force immediately before that date shall continue to apply to that allotment.

A reference in section 137 of the Companies Act as amended by section 29 of this Act to a statement of satisfaction includes a reference to a memorandum of satisfaction referred to in section 136 of the Companies Act in force immediately before the date of commencement of section 28 of this Act.

Section 173(4A) of the Companies Act inserted by section 33 of this Act shall not apply where the secretary of the company concerned is appointed before the date of commencement of section 33 of this Act.

The Minister may by regulations prescribe such other transitional and savings provisions as he considers appropriate.