Repeal of prior companies law preserves existing proceedings and instruments by validating them under corresponding provisions. The provision repeals prior companies legislation while providing transitional arrangements that preserve jurisdictional functions and specified prior provisions until formal transfers occur. Broad savings clauses deem acts, orders, appointments, proceedings, instruments, registers, funds, incorporations, ongoing prosecutions, inspections and unfinished filings under the prior law to continue under corresponding provisions of the new Act, and treat persons appointed under the prior law as appointed under the new Act, subject to consistency with the new statutory scheme.