Companies Act, 1973 (Act No. 61 of 1973)Chapter III: Types and forms of CompaniesConversion of One Type or Form of Company into Another Type or Form of Company29. Effect of conversion and alteration of other registers |
| 1) | The conversion of a company into another type or form of company under this Act shall not affect the corporate existence of the company as from the date of its first registration, nor any of its rights, debts, liabilities, obligations incurred or contracts entered into by, with, or on its behalf at any time nor render defective any legal proceedings by or against the company, and any legal proceedings that could have been continued or commenced by or against it prior to the conversion, may, notwithstanding such conversion, be continued or commenced against the company as converted. |
| 2) | If as a result of the conversion of a company into another type or form of company. any alteration in its name pursuant to the requirements of this Act is necessary, the alteration shall not be deemed to be a change of name for the purposes of section 44(1). |
| 3) | Upon the production by a company of an amended certificate of incorporation or a certified copy thereof to any registrar or other officer charged with the maintenance of a register under any Act, and on compliance with the requirements of such registrar or officer as to the form of application, if any, and the payment of any prescribed fee, such registrar or other officer shall make in his register all such alterations as are necessary by reason of the conversion 'of the company into another type or form of company. |