The change in company law resulting from the replacement of previous Companies Acts by this Act does not disrupt its continuity. Company law will continue to operate seamlessly (section 5).

In spite of the Interpretation Act 2005's section 26(2)(d), all instruments executed under previous Companies Acts will remain in effect unless this Schedule states otherwise.

Any regulations enforced under section 28 or 48 of the Companies (Auditing and Accounting) Act 2003 before the implementation of Chapter 2 of Part 15 will remain in force. They can be amended or repealed as if made under the said Chapter's respective provision.

Hence, any scheme enforced under section 9 of the Company Law Enforcement Act 2001 or section 20 of the Companies (Auditing and Accounting) Act 2003 before Part 15's Chapters 2 and 3 implementation will also continue in force. They can be amended or repealed as if made under the respective Chapter's corresponding provision.

  • Under sections 1355 or 1381, the Prospectus (Directive 2003/71/EC) Regulations 2005 and any amendments;
  • The Transparency (Directive 2004/109/EC) Regulations 2007 and any amendments,

will continue to be in force, and can be amended or repealed under section 1354 or 1380, respectively.

The Companies Act 1990's Uncertificated Securities Regulations 1996 will remain in force and can be amended or repealed under section 1086. As provided in section 1400(4), the Companies Act 1990's Prescribed Alternative Accounting Standards Bodies Regulations 2005, along with any amendment, will also continue, and can be amended or repealed under section 12.

The application of offence investigation and other powers conferred by this Act is extended to offences under the corresponding provisions of preceding Companies Acts. Powers of investigation or search, entry, or seizure are included under these provisions. Section 789 is applicable to a search warrant issued under section 20 of the Act of 1990, the same way it applies to a warrant under section 787.

The continuity of the law concerning disqualifications and restrictions persists, even with the substitution of Chapters 3, 4, and 6 of Part 14 for Part VII of the Act of 1990.

Without affecting paragraph 1, any disqualification or declaration of restriction enforced under Part VII of the Act of 1990 and in force before enforcing the corresponding provision of Part 14 shall continue to operate as a disqualification or declaration of restriction under the relevant provision.

Without affecting paragraph 6, section 839 operates concerning a person's conviction of an indictable offence under prior Companies Acts as it operates regarding a person's conviction of an indictable offence under this Act.

Again, the court's powers under section 842 are exercisable concerning matters done, or not done, under the prior Companies Acts and under this Act.

Chapter 5 (Disqualification and Restriction Undertakings) of Part 14 operates concerning matters or things done, or not done, under the prior Companies Acts and under this Act.

Any act initiated under a provision of the prior Companies Acts and not finished before its repeal by this Act may be continued and accomplished under this Act's corresponding provision.

Without affecting paragraph 1 or subparagraph 1, any petition for a company's winding up or the appointment of an examiner to a company not disposed of before the commencement of the corresponding provision of this Act may be continued and heard under the respective provision. Similarly, any act, application, or proceeding in any such matter initiated but not finished before the corresponding provision of this Act is commenced may be so done, proceeded with, or heard.


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