Application of Act to companies formed and registered under previous companies laws.

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..... revious companies laws. 561. This Act shall apply to existing companies as follows: ___ (a) in the case of a limited company other than a company limited by guarantee, this Act shall apply in the same manner 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, this Act shall apply in .....

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