Companies Act 2014 section 1284

Company may re-register as another company type

Section 1284 establishes the framework that allows a company to re-register as a different type of company, provided it meets certain requirements, and clarifies how this Part sits alongside other existing re-registration provisions.

• A company may re-register as a different company type, subject to compliance with the requirements set out in Part 20 of the Companies Act 2014.
• This re-registration framework operates alongside (not instead of) the rules in Chapter 6 of Part 2, which require or enable existing private companies to re-register as designated activity companies limited by shares within a specified transitional period.
• It also operates alongside sections 1040 and 1041, which deal with situations where a public limited company (PLC) must re-register as another company type because cancelling its own shares would bring the nominal value of its allotted share capital below the authorised minimum.
• Part 20 therefore provides a general re-registration mechanism that supplements these specific re-registration routes already provided for elsewhere in the Act.