28Recognised companies

28 Recognised companies

(1) Where a corporation that is a recognized company for the purposes of the Companies Act 1981 was, immediately before the commencement of that Act, registered as a foreign company under the Companies Ordinance 1962, the registered office of that corporation in the Territory the situation of which was specified:

(a) in a case to which paragraph (b) does not apply—in a notice lodged under subsection 346(1) of that Ordinance; or

(b) if a notice or notices have been lodged under subsection 347(1) of that Ordinance in relation to the situation of the registered office of the corporation—in that notice or in the later or latest of those notices;

shall be deemed to be the principal office within the Territory of the corporation for the purposes of section 507 of the Companies Act 1981. (2) Where:

(a) before the commencement of the Companies Act 1981 an act, matter or thing had been done or commenced under the Companies Ordinance 1962 in relation to a corporation that was a foreign company for the purposes of that Ordinance;

(b) the corporation is a recognized company for the purposes of the Companies Act 1981; and

(c) that act, matter or thing could have been done or commenced under the Companies Act 1981 after the commencement of that Act in relation to a recognized company;

that act, matter or thing shall be deemed to have been done or commenced, as the case may be, and, in the case of an act, matter or thing that has been commenced, may be continued or completed, under the Companies Act 1981, in relation to that corporation as a recognized company.