Part 7

Re-registration as a means of altering a company’s status

Public company becoming private

Re-registration of public company as private limited company
97
1
A public company may be re-registered as a private limited company if—
a
a special resolution that it should be so re-registered is passed,
b
the conditions specified below are met, and
c
an application for re-registration is delivered to the registrar in accordance with section 100, together with—
i
the other documents required by that section, and
ii
a statement of compliance.
2
The conditions are that—
a
where no application under section 98 for cancellation of the resolution has been made—
i
having regard to the number of members who consented to or voted in favour of the resolution, no such application may be made, or
ii
the period within which such an application could be made has expired, or
b
where such an application has been made—
i
the application has been withdrawn, or
ii
an order has been made confirming the resolution and a copy of that order has been delivered to the registrar.
3
The company must make such changes—
a
in its name, and
b
in its articles,
as are necessary in connection with its becoming a private company limited by shares or, as the case may be, by guarantee.