(1) The National Companies and Securities Commission is taken:
(a) to have been required to grant the application mentioned in paragraph 10(1)(a) and to register the Company as a company under subsection 86(2) of the Companies Act 1981 ; and
(b) to have granted the application at the commencement of this Part; and
(c) to have so registered the Company, at the commencement of this Part:
(i) by the name "Commonwealth Funds Management Limited"; and
(ii) in accordance with subsections 86(3) and (4) of the Companies Act 1981 , as a public company, and as a company limited by shares, within the meaning of that Act; and
(d) to have registered the name "Commonwealth Funds Management Limited" in relation to the Company at the commencement of this Part, under subsection 55(4) of the Companies Act 1981 .
(2) The date of commencement of the Company's registration as a company under Division 4 of Part III of the Companies Act 1981 is taken to be the day of commencement of this Part.
(3) For the purposes of Division 4 of Part III of the Companies Act 1981 , the Company is taken to have been on the day before the commencement of this Part, and to be at that commencement, a corporation within the meaning of that Act.