Part 17A company’s share capital
Chapter 6Public companies: independent valuation of non-cash consideration
Transfer of non-cash asset in initial period
603Adaptation of provisions in relation to company re-registering as public
The provisions of sections 598 to 602 (public companies: transfer of non-cash assets) apply with the following adaptations in relation to a company re-registered as a public company—
a
the reference in section 598(1)(a) to a person who is a subscriber to the company’s memorandum shall be read as a reference to a person who is a member of the company on the date of re-registration;
b
the reference in section 598(2) to the date of the company being issued with a certificate under section 761 (trading certificate) shall be read as a reference to the date of re-registration.