Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 393

Application of Act to companies formed under former written law

393. In the application of the provisions of this Act to existing companies, it shall apply in the same manner
(i) in the case of a limited company, other than a company limited by guarantee, as if the company had been formed and registered under the provisions of this Act as a company limited by shares ;
(ii) in the case of a company limited by guarantee, as if the company had been formed and registered under the provisions of this Act as a company limited by guarantee; and
(iii) in the case of a company other than a limited company, as if the company had been formed and registered under the provisions of this Act as an unlimited company:
Provided that
(a) nothing in the provisions of Table A of the First Schedule hereto shall apply to a company formed and registered under any written law repealed by this Act unless adopted by special resolution of the company; and
(b) any reference, express or implied, to the date of registration shall be construed as a reference to the date on which the company was registered under any written law repealed by this Act


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