S.L. 386.5 Art. 7Effects of registration.

With effect from the date of the Provisional Certificate of

Continuation issued by the Registrar in accordance with regulation 6:

(a) the company to which the provisional certificate of continuation relates -

(i) shall continue to be a body corporate incorporated under the Act under the name designated in the declaration referred to in regulation 4(d), and shall be deemed as provisionally registered in Malta for all purposes of law;

(ii) is subject to all the obligations and capable of exercising all the powers of a company registered under the Act;

(b) the constitutive document as revised in accordance with regulation 4(b) is considered as the Memorandum and Articles of Association of the company;

(c) the registration of a foreign company under Part I of these regulations shall not operate -

(i) to create a new legal entity;

(ii) to prejudice or affect the continuity of the company;

(iii) to affect the property of the company and such company shall retain all its assets, rights liabilities and obligations;

(iv) to render defective any legal or other proceedings instituted or to be instituted, by or against the company ; or

(v) to release or impair any conviction, judgement, ruling, order, debt, liability or obligation due or to become due or any cause existing against the company or against any member, director, officer or persons vested with the administration or the representation of the company.