Part 18U.K.Acquisition by limited company of its own shares

Chapter 1U.K.General provisions

Shares held by or for public companyU.K.

665Issue of certificate of incorporation on re-registrationU.K.

(1)If on an application under section 664 the registrar is satisfied that the company is entitled to be re-registered as a private company, the company shall be re-registered accordingly.

(2)The registrar must issue a certificate of incorporation altered to meet the circumstances of the case.

(3)The certificate must state that it is issued on re-registration and the date on which it is issued.

(4)On the issue of the certificate—

(a)the company by virtue of the issue of the certificate becomes a private company, and

(b)the changes in the company's name and articles take effect.

(5)The certificate is conclusive evidence that the requirements of this Act as to re-registration have been complied with.