Section 75: Re-registration of public company as unlimited

(1) A public company limited by shares may be re-registered as an unlimited company with a share capital if—
(a) all the members of the company have assented to its being so re-registered;
(b) the condition specified under subsection (2) is met; and
(c) an application for re-registration is delivered to the registrar in accordance with section 76, together with—
(i) the other documents required by that section, and
(ii) a statement of compliance.
(2) The condition is that the company has not previously been re-registered as —
(a) limited; or
(b) unlimited.
(3) The company shall make such changes—
(a) in its name; and
(b) in its memorandum and articles, as are necessary in connection with its becoming an unlimited company.
(4) For the purposes of this section—
(a) a trustee in bankruptcy of a member of the company is entitled, to the exclusion of the member, to assent to the company’s re-registration; and
(b) the personal representative of a deceased member of the company may assent on behalf of the deceased.
(5) In subsection (4) (a), “a trustee in bankruptcy of a member of the company” includes—
(a) a permanent trustee or an interim trustee on the sequestrated estate of a member of the company; and
(b) a trustee under a protected trustee deed granted by a member of the company.