Are existing private companies registered under the Old Ordinance expected to comply with the requirement of having at least on director who is a natural person under the new CO?

Pursuant to sections 89(1) and (2) of Schedule 11 to the new CO, a grace period of 6 months after the commencement date of the new CO were given to companies registered under the old Ordinance to comply with the new requirement. Appointment of new directors should already have been reported to the Registrar of Companies (‘the Registrar”) in the specified form within 15 days pursuant to section 645 of the new CO.