Companies Act, 2008 (Act No. 71 of 2008)RegulationsCompanies Regulations, 2011Chapter 2 : Formation, Administration and Dissolution of CompaniesPart B : Incorporation and Legal Status of Companies18. Conversion of Close Corporations |
See Schedule 2
| (1) | A Notice of Conversion of a close corporation in terms of Schedule 2 must be filed in Form CoR 18.1, and must be accompanied by— |
| (a) | a written statement of consent signed by members of the corporation holding, in aggregate, at least 75% of the members' interests in the corporation; |
| (b) | a Memorandum of Incorporation; and |
| (c) | the fee set out in Table CR 2B. |
| (2) | As soon as practicable after receiving a Notice of Conversion, the Commission must issue either— |
| (a) | a Notice Requiring Further Information in Form CoR 18.2, if the Commission requires more information to verify that the requirements of Schedule 2 have been satisfied; or |
| (b) | a Certificate of Registration in Form CoR 18.3, if— |
| (i) | the Commission has accepted the Notice of conversion; and |
| (ii) | the company's Memorandum of Incorporation, including its name, is consistent with the requirements of the Act. |