29Recognised companies under corresponding laws

29 Recognised companies under corresponding laws

(1) Section 501 of the Companies Act 1981 applies in relation to a company that, immediately before the commencement of that 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 that Act. (2) Where a company had, before the commencement of the Companies Act 1981, lodged under the provision of a law of a State or Territory that is a participating State or participating Territory that corresponds with subsection 36(1) or 347(1) of the Companies Ordinance 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 subsection 502(2) of the Companies Act 1981, be deemed to have lodged a notice under subsection 501(2) in relation to that State or Territory. (3) Where, immediately before the commencement of the Companies Act 1981, 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 Ordinance 1962, that register shall be deemed to be a branch register of the company kept under section 262 of the Companies Act 1981 and section 262 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 that Act.