16Existing prospectuses and section 82 statements

16 Existing prospectuses and section 82 statements

(1) Where a prospectus was registered under the Companies Ordinance 1962 within the period of 6 months before the commencement of the Companies Act 1981, the prospectus shall, for the purposes of the Companies Act 1981, until the expiration of the period of 6 months after the date on which it was registered, be deemed to be a prospectus registered under that Act. (2) Where a statement under section 82 of the Companies Ordinance 1962 was registered under that Ordinance within the period of 6 months before the commencement of the Companies Act 1981, the statement shall, for the purposes of the Companies Act 1981, until the expiration of the period of 6 months after the date on which it was registered, be deemed to be a statement that has been registered under Division 1 of Part IV of the Companies Act 1981 as required by subsection 170(1) of that Act.