PART 2REGISTRATION REQUIREMENTS
Registration as a public company
Registration as a public company9
1
A joint stock company may be registered as a public company limited by shares if—
a
the following conditions are met, and
b
the application for registration is accompanied by the documents specified in paragraph (4) below.
2
The conditions are—
a
that the requirements of section 91 of the Companies Act 2006 are met as regards its share capital;
b
the requirements of section 92 of that Act are met as regards its net assets; and
c
if section 93 of that Act applies (recent allotment of shares for non-cash consideration), that the requirements of that section are met.
3
Sections 91 to 93 apply for this purpose as in the case of a private company applying to be re-registered under section 90 of the Companies Act 2006 (re-registration of private company as public), but as if any reference to the special resolution required by section 90 were to the joint stock company's resolution that it be a public company.
4
The following documents must be delivered to the registrar together with the application for registration (as well as those required by regulation 4)—
a
a copy of the resolution that the company be a public company;
b
a copy of the balance sheet and other documents referred to in section 92(1); and
c
if section 93 applies (recent allotment of shares for non-cash consideration), a copy of the valuation report (if any) under subsection (2)(a) of that section.
5
The statement of compliance required to be delivered with the application is a statement that the requirements of this Part as to registration as a public company have been complied with.
6
The registrar may accept the statement of compliance as sufficient evidence that the company is entitled to be registered as a public company.