COMPANIES ACT - 1963 (ACT 179)

    Section - 273 - Conversion of Private Company to Public Company

    (1) A private company shall be converted into a public company if it shall alter its Regulations in such a manner that they no longer include all the provisions which, under subsection (3) of section 9 of this Code, are required to be included in the Regulations of a company in order to constitute it a private company.

    (2) Within twenty-eight days after the date of the special resolution altering the Regulations the company shall deliver to the Registrar for registration,

    (a) a copy of the said resolution in accordance with section 176 of this Code; and

    Seventh Sch.

    (b) unless the company is a company limited by guarantee, a prospectus complying with the provisions of the Seventh Schedule to this Code, or a statement in lieu of prospectus complying with the provisions of the Sixth Schedule to this Code.

    Sixth Sch.

    (3) The Registrar shall cause notice of the conversion of the company to be published in the Gazette.

    (4) If default is made in complying with subsection (1) or (2) of this section the company and every officer of the company who is in default shall be liable to a fine not exceeding one hundred pounds.