Part II Re-registration as a means of altering a company’s status
Limited company becoming unlimited
50 Certificate of re-registration under s. 49.
1
The registrar of companies shall retain the application and other documents lodged with him under section 49 and shall—
a
if articles are annexed to the application, register them; and
b
issue to the company a certificate of incorporation appropriate to the status to be assumed by it by virtue of that section.
2
On the issue of the certificate—
a
the status of the company, by virtue of the issue, is changed from limited to unlimited; and
b
the alterations in the memorandum set out in the application and (if articles have been previously registered) any alterations to the articles so set out take effect as if duly made by resolution of the company; and
c
the provisions of this Act apply accordingly to the memorandum and articles as altered.
3
The certificate is conclusive evidence that the requirements of section 49 in respect of re-registration and of matters precedent and incidental to it have been complied with, and that the company was authorised to be re-registered under this Act in pursuance of that section and was duly so re-registered.