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Provisions supplementary to section 75
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76. (1) On the relevant day the former audit committee shall stand dissolved.
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(2) Anything commenced and not completed immediately before the relevant day by or under the authority of the former audit committee may, in so far as it relates to a function of the audit committee, be carried on or completed on or after that day by the audit committee.
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(3) Every document granted or made, by the former audit committee, if and in so far as it was operative immediately before the relevant day, shall have effect on and after that day as if it had been granted or made by the audit committee.
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(4) Each record held by the former audit committee immediately before the relevant day shall, on that day, stand transferred to the audit committee and shall, on and after that day, be the property of the audit committee and be regarded as being held by the audit committee.
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