Section 71

(1) An unlimited company may be re-registered as a private limited company if-

(a) a special resolution that it should be re-registered is passed,

(b) the condition specified under subsection (2) is met, and

(c) an application for re-registration is delivered to the commission in accordance with section 72, 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 unlimited.

(3) The special resolution shall state whether the company is to be limited by shares or by guarantee.

(4) 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 a company limited by shares or, as the case may be, by guarantee.