Section 735 of Insolvency Act CAP 53: Power of Cabinet Secretary to make savings and transitional regulations

(1) The Cabinet Secretary may make regulations containing provisions of a savings or transitional nature relating to the transition from the application of the repealed Bankruptcy Act and the relevant provisions of the repealed Companies Act to the application of this Act.
(2) Any such provision may, if those regulations so provide, take effect from the date of the passing of this Act or a later date.
(3) To the extent to which any such provision takes effect from a date that is earlier than the date of its publication in the Gazette, the provision does not operate so as—
(a) to affect, in a manner prejudicial to any person (other than the State or an agency of the State), the rights of that person existing before the date of its publication; or
(b) to impose liabilities on any person (other than the State or an authority of the State) in respect of anything done or omitted to be done before the date of its publication.
(4) Without limiting subsection (1), the savings and transitional regulations may provide for a matter to be dealt with, wholly or partly, in any of the following ways—
(a) by applying (with or without modification) to the matter provisions of a written law of Kenya;
(b) by otherwise specifying rules for dealing with the matter;
(c) by specifying a particular consequence of the matter, or of an outcome of the matter.
(5) In this section, matters of a savings or transitional nature include, but are not limited to, matters related to any of the following—
(a) how a matter that arose or existed under the repealed Act is to be dealt with under this Act;
(b) the significance for the purposes of this Act of a matter that arose or existed under the repealed Act;
(c) how a process started but not completed under the repealed Act is to be dealt with;
(d) the preservation of concessions or exemptions (however described) that existed under the repealed Act;
(e) any other matters that are prescribed by regulations made for the purposes of this subsection.
(6) In this section, "relevant provisions", in relation to the repealed Companies Act, means Parts VI to IX of that Act, and any other provisions of that Act necessary for the operation of those Parts,