Registration under the Companies Act 1985
7 Repeal of 1978 Act: savings, &c.
1
Section 5(2) shall not apply to sections 1(1) (continued existence of Corporation) or 19 (short title, &c.) of the M1Commonwealth Development Corporation Act 1978; but this subsection is—
a
subject to section 5(3), and
b
without prejudice to any provision under or by virtue of which the Corporation may be dissolved.
2
Section 6(1) and (2) of the 1978 Act (annual report) shall continue to have effect in relation to the last financial year which ends before registration.
3
Any restriction which applies by virtue of section 14 of the 1978 Act (reserve fund) to the fund mentioned in that section shall cease to have effect on registration.
4
Section 16 of the 1978 Act (accounts) shall continue to have effect in relation to the last financial year which ends before registration.