Re-Registration of an Unlimited Company as a Limited Company
Written by 07th September 2014on
Under the 1983 Act, limited companies which had previously converted to unlimited companies could not convert back to limited companies.
This was because S 53(I) of the 1983 Act only permitted an unlimited company to convert to a limited company where the company had not already converted from a limited company to an unlimited company by virtue of Section 52 of the 1983 Act.
Under the Companies Act 2014 there are no restrictions in Part 20 to such re-registrations. This will be helpful if a group of companies want to unravel a non-filing structure where they had previously converted limited companies to unlimited companies which is something that could not be done under prior legislation.