Clause 186

Any person who was a prescribed person for the purposes of sections 19(2)(a), 22(2), 30(4)(c)(ii), 61(1)(b)(iii)(B) and (2)(c)(ii), 146(1A)(a) and (b) and 171(1B) in force immediately before the date of commencement of section 3 of the Companies (Amendment) Act 2014 (referred to in this section as the appointed day) may, on and after that day but before such date as the Minister may, by notification in the Gazette, prescribe, continue to do such acts which were permitted or required to be done by him under any of those provisions in force immediately before the appointed day.

For a period of 2 years after the date of commencement of any provision of this Act, the Minister may, by regulations, prescribe such additional provisions of a saving or transitional nature consequent on the enactment of that provision as the Minister may consider necessary or expedient.