Part IIE+W+S Re-registration as a means of altering a company’s status

Private company becoming publicE+W+S

47 Certificate of re-registration under s. 43.E+W+S

(1)If the registrar of companies is satisfied, on an application under section 43, that a company may be re-registered under that section as a public company, he shall—

(a)retain the application and other documents delivered to him under the section; and

(b)issue the company with a certificate of incorporation stating that the company is a public company.

(2)The registrar may accept a declaration under section 43(3)(e) [F1or a statement under section 43(3A)] as sufficient evidence that the special resolution required by that section has been passed and the other conditions of re-registration satisfied.

(3)The registrar shall not issue the certificate if it appears to him that the court has made an order confirming a reduction of the company’s capital which has the effect of bringing the nominal value of the company’s allotted share capital below the authorised minimum [F2(see Chapter 2 of Part 20 of the Companies Act 2006)].

(4)Upon the issue to a company of a certificate of incorporation under this section—

(a)the company by virtue of the issue of that certificate becomes a public company; and

(b)any alterations in the memorandum and articles set out in the resolution take effect accordingly.

(5)The certificate is conclusive evidence—

(a)that the requirements of this Act in respect of re-registration and of matters precedent and incidental thereto have been complied with; and

(b)that the company is a public company.

Textual Amendments

F1Words in s. 47(2) inserted (22.12.2000) by S.I. 2000/3373, art. 7

Modifications etc. (not altering text)