38Recognized companies under corresponding laws

38 Recognized companies under corresponding laws

(1)  Section 501 of the Companies (Tasmania) Code applies in relation to a company that, immediately before the commencement of this Act, had a place of business or carried on business in a State or Territory that is a participating State or participating Territory as if the company had established a place of business or commenced to carry on business, as the case may be, in that State or Territory at the commencement of this Act.

(2)  Where a company had, before the commencement of this Act, lodged under the provisions of a law of a State or Territory that is a participating State or participating Territory that corresponds with section 346 (1) or 347 (1) of the Companies Act 1962 a notice or notices that specified the days and hours during which the registered office of the company in that State or Territory was open and accessible to the public, the company shall, for the purposes of section 502 (2) of the Companies (Tasmania) Code , be deemed to have lodged a notice under section 501 (2) of that Code in relation to that State or Territory.

(3)  Where, immediately before the commencement of this Act, a company maintained a branch register in a State or Territory that is a participating State or participating Territory in accordance with the provision of the law of that State or Territory that corresponded with section 354 of the Companies Act 1962 , that register shall be deemed to be a branch register of the company kept under section 262 of the Companies (Tasmania) Code , and section 262 of that Code applies in relation to that register as if it had been established, and as if the office where it is kept had been opened, on the date of commencement of this Act.