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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.