383 Former Act companies automatically re-registered under this Act

(1) Subject to the provisions of this section, with effect from the Act
commencement date every former Act company shall be deemed to be
registered under this
automatically re-registered as an international business company under
this Act.

(2) Where a company is re-registered under subsection (1), the Registrar
shall, as soon as is practicable, enter the name of the company on the
Register and allot a unique number to the company.

(3) The unique number allotted to a company under subsection (2) may, at
the discretion of the Registrar, be the number previously allocated to the
company as a former Act company.

(4) Except as otherwise provided in this Act, a company that is re-registered
under subsection (1), shall be subject to this Act as if it was a company
incorporated under this Act.