Part II Re-registration as a means of altering a company’s status
Public company becoming private
55 Certificate of re-registration under s. 53.
1
If the registrar of companies is satisfied that a company may be re-registered under section 53, he shall—
a
retain the application and other documents delivered to him under that section; and
C1b
issue the company with a certificate of incorporation appropriate to a private company.
2
On the issue of the certificate—
a
the company by virtue of the issue becomes a private company; and
b
the alterations in the memorandum and articles set out in the resolution under section 53 take effect accordingly.
3
The certificate is conclusive evidence—
a
that the requirements of section 53 in respect of re-registration and of matters precedent and incidental to it have been complied with; and
b
that the company is a private company.