A company may by re-registration under this Part alter its status—
(a) from a private company to a public company (see sections 90 to 96);
(b) from a public company to a private company (see sections 97 to 101);
(c) from a private limited company to an unlimited company (see sections 102 to 104);
(d) from an unlimited private company to a limited company (see sections 105 to 108);
(e) from a public company to an unlimited private company (see sections 109 to 111).
(1) A private company (whether limited or unlimited) may be re-registered as a public company limited by shares 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 94, together with—
(i) the other documents required by that section, and
(ii) a statement of compliance.
(2) The conditions are—
(a) that the company has a share capital;
(b) that the requirements of section 91 are met as regards its share capital;
(c) that the requirements of section 92 are met as regards its net assets;
(d) if section 93 applies (recent allotment of shares for non-cash consideration), that the requirements of that section are met; and
(e) that the company has not previously been re-registered as unlimited.
(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 public company.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234