A private company (whether limited or unlimited) may be re-registered as a public company limited by shares if—
a special resolution that it should be so re-registered is passed,
the conditions specified below are met, and
an application for re-registration is delivered to the registrar in accordance with section 94, together with—
the other documents required by that section, and
a statement of compliance.
The conditions are—
that the company has a share capital;
that the requirements of section 91 are met as regards its share capital;
that the requirements of section 92 are met as regards its net assets;
if section 93 applies (recent allotment of shares for non-cash consideration), that the requirements of that section are met; and
that the company has not previously been re-registered as unlimited.
The company must make such changes—
in its name, and
in its articles,
as are necessary in connection with its becoming a public company.
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.