I was just wondering how the newly promulgated Companies Act will affect small businesses, for example;

A Closed Corporation X was de-registered 12 months ago. The two given past CC members now proceed to open a partnership bank account in the name of the de-registered CC (Name minus CC at the end), continuing to trade under the name of this de-registered CC.

What is now required to comply with this new Company Act, if any by this informal SME?