(1) If on an application for re-registration of an unlimited company as a limited company the registrar is satisfied that the company is entitled to be so re-registered, the company shall be re-registered accordingly.
(2) The registrar must issue a certificate of incorporation altered to meet the circumstances of the case.
(3) The certificate must state that it is issued on re-registration and the date on which it is so issued.
(4) On the issue of the certificate—
(a) the company by virtue of the issue of the certificate becomes a limited company, and
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