Paragraph 7

In section 37 (existing companies: requirements)—

(a)

in subsection (1)(b) for “the Companies Act 1985” substitute “the 1985 Act or the 1986 Order”;

(b)

in subsection (2) for “Section 380(1) of the Companies Act 1985” substitute “Section 380(1) of the 1985 Act or Article 388(1) of the 1986 Order”;

(c)

in the opening words of subsection (3), for “section 4 or 17 of the Companies Act 1985” substitute “section 4 or 17 of the 1985 Act or Article 15 or 28 of the 1986 Order”;

(d)

in subsection (3)(b), for “section 380(1)” substitute “section 380(1) of the 1985 Act or Article 388(1) of the 1986 Order”;

(e)

in subsection (4)—

(i)

for “section 5 of the Companies Act 1985” substitute “section 5 of the 1985 Act or Article 16 of the 1986 Order”, and

(ii)

omit “under section 4 or 17”;

(f)

in subsection (5), for “section 5 of that Act” substitute “section 5 of the 1985 Act or Article 16 of the 1986 Order”.