This section is new. Its purpose is to ensure that wherever any Act provides for the winding up of any partnership, association or company to be carried out in any particular manner, then the provisions of this Act will not apply to the partnership, association or company concerned.
SECTION 350.
Question proposed: " That Section 350 stand part of the Bill."
What is envisaged?
The legislation dealing with industrial and provident societies provides, for example, that the winding up provisions of the Companies Act shall apply and that a society can be wound up as a company and not as an unregistered company. A similar situation exists in respect of building societies.
Question put and agreed to.