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Reconstitution of certain companies for purposes of Act.
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8.—(1) In this section “company to which this section applies” means any company under the Companies Acts, 1908 to 1959, which the Minister certifies in writing to be a company to which this section applies.
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(2) Where a company to which this section applies has resolved at a meeting specially called for the purpose that the company be wound up for the purposes of this section the provisions of the Companies Acts, 1908 to 1959, in relation to the winding up of a company thereunder shall not apply to the winding up of that company.
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(3) A company which has passed a resolution under subsection (2) of this section shall be deemed as on and from the dateof the resolution, or any later date stated in the resolution, not to be a company under the Companies Acts, 1908 to 1959 but a body established by an establishment order, and such an order shall, as soon as may be after the date of the resolution, be made by the Minister in respect of that body.
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