Application of Act to companies formed under former Companies Acts

In the application of this Act to existing companies, it shall apply in the same manner– (a) in the case of a limited company, other than a company limited by guarantee, as if the company had been formed and registered under this Act as a company limited by shares; (b) in the case of a company limited by guarantee, as if the company had been formed and registered under this Act as a company limited by guarantee; and (c) in the case of a company other than a limited company, as if the company had been formed and registered under this Act as an unlimited provided that reference, express or implied, to the date of registration shall be construed as a reference to the date at which the company was registered under any Act or Ordinance providing for the incorporation, management and winding-up of trading companies and other associations.