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(1) The provisions of the Companies Act are repealed on such date or such different dates as the Cabinet Secretary may appoint by notice published in the Gazette.(2) When bringing provisions of this Act into operation by a notice made undersection 1(3) of this Act, the Cabinet Secretary shall ensure that all provisions of the Companies Act (Cap 486, Sub leg) that correspond to those provisions are repealed contemporaneously by a notice published under subsection (1) of this section.(3) However, if the provisions of this Act that are to be brought into operation correspond to provisions of the Companies Act that are to be repealed by notice under subsection (1), the Cabinet Secretary may instead combine the repeal of those provisions of the Companies Act in the notice under section 1(3) of this Act bringing the relevant provisions of this Act into operation.(4) On the repeal of section 342 of the Companies Act, the following rules are revoked:(a) the Companies (winding up Rules);(b) the Companies (Winding-up Fees) Rules;(c) the Companies (High Court) Rules.(5) On the repeal of section 402(4) of the Companies Act, the Companies Regulations are revoked.
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The savings and transitional provisions in the Sixth Schedule have effect.
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