Section 70 of The Companies Act No. 17 of 2015: Conversion of private company to public company

    

(1) A private company, whether limited or unlimited, can convert itself into a
public company limited by shares if (but only if)—
(a) it passes a special resolution to that effect;
(b) the conditions specified in subsection (2) are satisfied; and
(c) an application for registration of the conversion is lodged with the
Registrar in accordance with section 74, together with the documents
required by that section.
(2) The conditions are—
(a) that the company has a share capital;
(b) that the requirements of section 71 are satisfied as regards its share
capital;
(c) that the requirements of section 72 are satisfied as regards its net
assets;
(d) if section 73 applies, that the requirements of that section are satisfied;
(e) that the company has not previously been converted itself into an
unlimited company;
(f) that the company has made such changes to its name and to its
articles as are necessary in order for it to become a public company;
and
(g) if the company is unlimited, that it has also made such changes to its
articles as are necessary in order for it to become a company limited
by shares.


Disclaimer: This document is not to be taken as legal advise.

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