Clause 44

Sections 31 and 35 shall not apply to a company in respect of a financial year which commences before the date of commencement of those provisions, and section 201A of the Companies Act in force immediately before that date shall continue to apply to that company in respect of that financial year.

The Minister may, by regulations, prescribe such other transitional, savings and other consequential provisions as he may consider necessary or expedient.