Application of companies law treats legacy firms as equivalent modern company types under current statutory rules. Existing companies are to be treated as if formed under the current Act according to their type: limited companies (other than guarantee companies) as companies limited by shares, companies limited by guarantee as companies limited by guarantee, and non limited companies as unlimited companies. Table A in Schedule I does not apply to companies formed under certain early enactments, and references to the date of registration shall be construed as the date of registration under the prior companies law.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Application of companies law treats legacy firms as equivalent modern company types under current statutory rules.
Existing companies are to be treated as if formed under the current Act according to their type: limited companies (other than guarantee companies) as companies limited by shares, companies limited by guarantee as companies limited by guarantee, and non limited companies as unlimited companies. Table A in Schedule I does not apply to companies formed under certain early enactments, and references to the date of registration shall be construed as the date of registration under the prior companies law.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
