16.4.6 TRANSITIONAL ARRANGEMENTS
External companies which are registered as such in terms of the 1973 Act are expressly excluded from the definition of a company in terms of s 1. They are also not pre-existing companies. The transitional arrangement provides for the continued existence as a company of all pre-existing companies. If an external company was registered as such on the 1st May 2011 they continue to be registered as an external company in terms of the Act.