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Section 89 of The Companies Act No. 17 of 2015: Conversion of public company into private and unlimited company

    

(1) A public company limited by shares may convert itself into an unlimited
private company with a share capital if—
(a) all the members of the company have assented to its being so
converted;
(b) the condition specified in subsection (2) is satisfied; and
(c) an application for registration of the conversion is lodged with the
Registrar in accordance with section 90, together with the other
documents required by that section.
(2) The condition is that the company has not previously been registered as a
limited company or as an unlimited company.
(3) The company shall make such changes—
(a) in its name; and
(b) in its articles,
as are necessary in connection with its becoming an unlimited private company.
(4) For the purposes of this section—
(a) a bankruptcy trustee in respect of the estate of a bankrupt member of
the company is entitled, to the exclusion of the member, to assent to
the company's conversion; and
(b) the executor or administrator of a deceased member of the company
may assent on behalf of the deceased.

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

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