(1) Anything commenced and not completed before the establishment day by or under the authority of a dissolved body may be carried on or completed on or after the establishment day by the Commission.

(2) Every instrument made under an enactment and every document (including any certificate) granted or made by a dissolved body shall, if and in so far as it was operative immediately before the establishment day, have effect on and after that day as if it had been granted or made by the Commission.

(3) References to a dissolved body in the memorandum or articles of associations of any company shall, on and after the establishment day, be construed as references to the Commission.

(4) Any money, stocks, shares or securities transferred by section 41 or 42 that immediately before the establishment day were standing in the name of a dissolved body shall, on the request of the Commission, be transferred into its name.