Companies (Transitional Provisions) Act 1981
22Special investigations
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22 Special investigations
(1) Part VII of the Companies Act 1981 applies to and in relation to an investigation to which Part VIA of the Companies Ordinance 1962 applied immediately before the commencement of that Act and so applies as if:
(a) where an inspector was appointed by the Minister to carry out the investigation pursuant to an application under subsection 169(1) of that Ordinance—the inspector was appointed, and the investigation is being carried out, pursuant to a direction given by the Minister pursuant to subsection 290(4) of that Act; and
(b) where an inspector was appointed by the Minister under subsection 170(1) of that Ordinance to carry out the investigation—the inspector was appointed, and the investigation is being carried out, pursuant to a direction given by the Minister in the exercise of a power under subsection 291(1) of that Act otherwise than in response to a request made by the Commission under subsection 291(4) of that Act.
(2) Where, before the commencement of the Companies Act 1981, an act, matter or thing had been done or had arisen in the course of an investigation to which Part VIA of the Companies Ordinance 1962 applied immediately before that commencement, that act, matter or thing shall have the same status, operation and effect in relation to the investigation after that commencement as if that act, matter or thing had been done or had arisen after that commencement. (3) In particular and without affecting the generality of subsection (2), an order, application, examination, deposition, writ, summons, proceeding, record, note or report made, effected, issued or given in relation to an investigation to which Part VIA of the Companies Ordinance 1962 applied immediately before the commencement of the Companies Act 1981 shall have the same status, operation and effect in relation to the investigation after that commencement as if the order, application, examination, deposition, writ, summons, proceeding, record, note or report had been made, effected, issued or given after that commencement.