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Section 77 of The Companies Act No. 17 of 2015: Conversion of public company into private limited company

    

(1) A public company can convert itself into a private limited company if—
(a) a special resolution to that effect is passed;
(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 80.
(2) The conditions are as follows—
(a) if no application under section 78 for cancellation of the resolution has
been made—
(i) having regard to the number of members who consented to or
voted in favour of the resolution, no such application could be
made; or
(ii) the period within which such an application could be made has
expired;
(b) if such an application has been made—
(i) the application has been withdrawn; or
(ii) an order has been made confirming the resolution and a copy
of that order has been lodged with the Registrar;
(c) the company has made such changes to its name and to its articles
as are necessary in order for it to convert itself into a private company
limited by shares.

« Previous:   Section 76 - Registrar to issue certificate of incorporation on registration of conversion          Next: »   Section 78 - Application to Court to cancel conversion resolution

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

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