THE CORPORATIONS LAW

CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS

PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

Division 8 - Changes resulting from the First Corporate Law Simplification Act 1995

SECTION 1407   PROPRIETARY COMPANIES LIMITED BOTH BY SHARES AND BY GUARANTEE  

1407    Despite subparagraph 116(2)(a)(i), a company that was a proprietary company limited both by shares and by guarantee under this Law as in force immediately before the commencement of item 8 of Schedule 4 to the Amending Act can remain registered as a proprietary company until:

(a)  it ceases to be a company limited both by shares and by guarantee; or

(b)  it ceases to be a proprietary company.