(1) This section applies if it appears to the court—
(a) on an application under this section, or
(b) in proceedings under Part 30 (protection of members against unfair prejudice),
that a company has acted in contravention of section 755 (prohibition of public offers by private companies).
(2) The court must make an order requiring the company to re-register as a public company unless it appears to the court—
(a) that the company does not meet the requirements for re-registration as a public company, and
(b) that it is impractical or undesirable to require it to take steps to do so.
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