(1) An unlimited company may be re-registered as a private limited company if—
(a) a special resolution that it should be so re-registered is passed,
(b) the condition specified below is met, and
(c) an application for re-registration is delivered to the registrar in accordance with section 106, 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 unlimited.
(3) The special resolution must state whether the company is to be limited by shares
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