Companies (Approved Liquidators) (Transitional and Savings Provisions) Regulations 2004

These Regulations may be cited as the Companies (Approved Liquidators) (Transitional and Savings Provisions) Regulations 2004 and shall come into operation on 1st April 2004.

Subject to paragraph (2), where —

a person has been approved by the Minister as a liquidator under section 9(3) of the Companies Act (Cap. 50) in force immediately before 1st April 2004; and

such approval (referred to in this regulation as the original approval) remained in force immediately before that date,the person shall be deemed to be approved by the Minister as a liquidator under section 9 (2) of that Act.

The deemed approval of a person as a liquidator under paragraph (1) shall —

be subject to the same limitation or condition imposed by the Minister in respect of the original approval; and

expire on the date on which the original approval would have expired if the Companies (Amendment) Act 2004 had not been enacted.

Subject to paragraph (2), where —

a person has been approved by the Minister as a liquidator under section 9(3) of the Companies Act (Cap. 50) in force immediately before 1st April 2004; and

such approval (referred to in this regulation as the original approval) remained in force immediately before that date,the person shall be deemed to be approved by the Minister as a liquidator under section 9 (2) of that Act.

The deemed approval of a person as a liquidator under paragraph (1) shall —

be subject to the same limitation or condition imposed by the Minister in respect of the original approval; and

expire on the date on which the original approval would have expired if the Companies (Amendment) Act 2004 had not been enacted.