Companies Act, 1973 (Act No. 61 of 1973)

Chapter III: Types and forms of Companies

Conversion of One Type or Form of Company into Another Type or Form of Company

26. Notice of intended conversion of company
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1)Any company intending to convert itself into another type or form of company shall not less than three weeks before the date of the meeting convened for the purpose of passing the required special resolution, give notice in the Gazette of such intention, specifying the particulars of the proposed conversion and the date and place of the meeting: Provided that this subsection shall not apply to any private company having a share capital intending to convert itself into a public company having a share capital.

 

2)If any company intending to convert itself into another type or form of company is a public company having a share capital, it shall, in addition, send the notice referred to in subsection (1) to every creditor of the company by registered post not less than three weeks before the date of the meeting.