3. Persons approved as company auditors before 1st April 2004

Any person (not being a public accountant) who, immediately before 1st April 2004, is an approved company auditor under section 9 (2) of the principal Act shall continue to be qualified to act as an auditor of any company as if the Companies (Amendment) Act 2004 had not been enacted, until the date on which the approval would have lapsed or unless sooner revoked by the Minister under section 9 (5) of the principal Act.