(1) This section applies to—
(a) any company that was in existence on 2nd November 1862 (including any company registered under the Joint Stock Companies Acts), and
(b) any company formed after that date (whether before or after the commencement of this Act)—
(i) in pursuance of an Act of Parliament other than this Act or any of the former Companies Acts,
(ii) in pursuance of letters patent, or
(iii) that is otherwise duly constituted according to law,
[other than a company registered under Part 4 of the Risk Transformation Regulations 2017].
(2) Any such company may on making application register under this Act.
(3) Subject to the following provisions, it may register as an unlimited company, as a company limited by shares or as a company limited by guarantee.
(4) A company having the liability of its members limited by Act of Parliament or letters patent—
(a) may not register under this section unless it is a joint stock company, and
(b) may not register under this section as an unlimited company or a company limited by guarantee.
(5) A company that is not a joint stock company may not register under this section as a company limited by shares.
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