Part 18Acquisition by limited company of its own shares
Chapter 1General provisions
Shares held by or for public company
665Issue of certificate of incorporation on re-registration
(1)
If on an application under section 664 the registrar is satisfied that the company is entitled to be re-registered as a private company, 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 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.