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COMPANIES ACT 1963 - SECT 324 Application of Act to companies formed and registered under former Companies Acts.

324.—(1) Subject to subsection (2), in the application of this Act to existing companies, it shall apply in the same manner—

( a ) in the case of a limited company, other than a company limited by guarantee, as if the company had been formed and registered under this Act as a company limited by shares;

( b ) in the case of a company limited by guarantee, as if the company had been formed and registered under this Act as a company limited by guarantee; and

( c ) in the case of a company other than a limited company, as if the company had been formed and registered under this Act as an unlimited company.

(2) Reference, express or implied, to the date of registration shall be construed as a reference to the date at which the company was registered under the Joint Stock Companies Act, 1862, or the Companies (Consolidation) Act, 1908, as the case may be.