The
Companies Act of Republic Of Maldives
Law
No: 10/96 (An Unofficial
Translation)
Private company becoming
public
20. (a) A private
company may be re-registered as a public company if a special resolution
that it should be so re-registered is passed, and an application for re-registration
is delivered to the registrar of companies and the company is re-registered
as a public company in accordance with this Act.
(b) The application for re-registration of a private company to a public
company delivered to the registrar of companies shall contain the following:
(1) the special resolution passed by the private company to become public.
(2) the special resolution passed by the company to make such alterations
in the memorandum and articles as are necessary to bring them into conformity
with the requirement of this Act.
(3) the memorandum and articles of association of the company after bringing
them into conformity with the memorandum and articles of association of
a public company as prescribed in this Act.
(4) the prospectus.
(c) If an application to re-register a private company to a public company
is delivered to the registrar of companies in accordance with subsection
(a) and (b) of this section the company shall be re-registered and the
certificate of incorporation shall be issued if the requirements specified
in this Act for the formation of a public company are fulfilled.
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