113. Effect of continuance outside the Abu Dhabi Global Market

When a company is, in accordance with the terms of authorisation of the Registrar under section 112 (determination of application to Registrar for authorisation to seek continuance outside of the Abu Dhabi Global Market), continued as a body corporate under the laws of the other jurisdiction to which the authorisation relates—

(a) it thereupon ceases to be a company formed or registered under these Regulations, and
(b) the Registrar shall on that date record that by virtue of subsection(a) of this section, it has ceased to be so formed or registered.