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Part XXII · Miscellaneous Prohibition of Partnership with More Than Twenty Members

530. Transitional provisions

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

Without prejudice to the provisions contained in sections 5 and 10 of the Interpretation Ordinance—

(a)

nothing in the repeal of any former written law relating to companies shall affect any order, rule, regulation, scale of fees, appointment, conveyance, mortgage, deed or agreement made, resolution passed, direction given, proceeding taken, instrument issued or thing done under any former written law relating to companies, but any such order, rule, regulation, scale of fees, appointment, conveyance, mortgage, deed or agreement, resolution, direction, proceeding, instrument or thing shall, if in force on the appointed date, continue to be in force, and so far as it could have been made, passed, given, taken, issued or done under this Act, shall have effect as if made, passed, given, taken, issued, or done under the provisions of this Act;

(b)

any document referring to a provision in any former written law relating to companies, shall be construed as referring to the corresponding provision contained in this Act;

(c)

any person appointed to any office under or by virtue of any former written law relating to companies, shall be deemed to have been appointed to that office under or by virtue of the provisions of this Act;

(d)

any Register kept under any former written law relating to companies, shall be deemed part of the

Register to be kept under the corresponding provisions of this Act;

(e)

all funds and accounts constituted under the provisions of this Act, shall be deemed to be in continuation of the corresponding funds and accounts constituted under the former written law relating to companies.

(2)

In this section the expression “former written law relating to companies” means any written law repealed by the Companies Ordinance (Cap. 145) or the Companies Act,

No. 17 of 1982 or this Act.

(3)

All actions, proceedings or matters, other than those referred to in section 532, and pending in a District Court on the day preceding the date on which this Act came into operation, shall stand removed to the court as defined in this

Act and such court shall have jurisdiction to take cognizance of, hear and determine, or continue and complete, the same:

Provided that any such action, proceeding or matter, in which the adducing of evidence has commenced in the District

Court on the day preceding the date on which this Act came into operation, shall be heard and determined by the said

District Court.

Read on from s 531

Part XXIII

Repeals and Amendments

Read on from Part XXIII

Schedules