Section 349 — Companies Act 1993: Effect of registration

349 Effect of registration (1) The registration of an overseas company under this Act does not— (a) Create a new legal entity; or (b) Prejudice or affect the identity of the body corporate constituted by the company or its continuity as a legal entity; or (c) Affect the property, rights or obligations of the company; or (d) Affect proceedings by or against the company. (2) Proceedings that could have been commenced or continued by or against the overseas company before registration under this Act may be commenced or continued by or against the company after registration.