(1) A private limited company may be re-registered as an unlimited company if—
(a) all the members of the company have assented to its being so re-registered,
(b) the condition specified below is met, and
(c) an application for re-registration is delivered to the registrar in accordance with section 103, together with—
(i) the other documents required by that section, and
(ii) a statement of compliance.
(2) The condition is that the company has not previously been re-registered as limited.
(3) The company must make such changes in its name and its articles—
(a) as are necessary in connection with its becoming an unlimited company; and
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