Part 7Re-registration as a means of altering a company's status
Public company becoming private
101Issue of certificate of incorporation on re-registration
1
If on an application for re-registration as a private limited company the registrar is satisfied that the company is entitled to be so re-registered, the company shall be re-registered accordingly.
2
The registrar must issue a certificate of incorporation altered to meet the circumstances of the case.
3
The certificate must state that it is issued on re-registration and the date on which it is issued.
4
On the issue of the certificate—
a
the company by virtue of the issue of the certificate becomes a private limited company, and
b
the changes in the company's name and articles take effect.
5
The certificate is conclusive evidence that the requirements of this Act as to re-registration have been complied with.