The Companies (Northern Ireland) Order 1989

Article 25(1).

SCHEDULE 3 TRANSITIONAL PROVISIONS AND SAVINGS

1.  In this Schedule, “the commencement date” for the purpose of any provision of this Schedule, means the day appointed under Article 1(2) for the coming into operation of that provision.

2.  Where any period of time specified in any provision repealed by Article 25(3) and Part I of Schedule 5 is current immediately before the commencement date, Part II has effect as if the corresponding provision had been in operation when the period began to run; and (without prejudice to the foregoing) any period of time so specified and current is deemed for the purposes of Part II—

(a) to run from the date or event from which it was running immediately before the commencement date, and

(b) to expire (subject to any provision of Part II for its extension) whenever it would have expired if Part II had not been made;

and any rights, priorities, liabilities, reliefs, obligations, requirements, powers, duties or exemptions dependent on the beginning, duration or end of such a period as above mentioned shall be under Part II as they were or would have been under that repealed provision.

3.  The provisions of this Schedule shall have effect without prejudice to sections 28 and 29 of the Interpretation Act (Northern Ireland) 1954(1).

(1)

1982 NI 17