Section 90 | Re-registration of private company as public

(1)A private company (whether limited or unlimited) may be re-registered as a public company limited by shares if—

(a)a special resolution that it should be so re-registered is passed,

(b)the conditions specified below are met, and

(c)an application for re-registration is delivered to the registrar in accordance with section 94, together with—

(i)the other documents required by that section, and

(ii)a statement of compliance.

(2)The conditions are—

(a)that the company has a share capital;

(b)that the requirements of section 91 are met as regards its share capital;

(c)that the requirements of section 92 are met as regards its net assets;

(d)if section 93 applies (recent allotment of shares for non-cash consideration), that the requirements of that section are met; and

(e)that the company has not previously been re-registered as unlimited.

(3)The company must make such changes—

(a)in its name, and

(b)in its articles,

as are necessary in connection with its becoming a public company.

(4)If the company is unlimited it must also make such changes in its articles as are necessary in connection with its becoming a company limited by shares.