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Companies and Allied Matters Act 2020 · Part B · Chapter 2

Section 55 Alteration of status by re-registration

A company may by re-registration under this Part alter its status from—
(a)
a private company to a public company ;
(b)
a public company to a private company ;
(c)
a private limited company to an unlimited company ;
(d)
an unlimited company to a limited company ; or
(e)
a public limited company to an unlimited company.
Cite as: Companies and Allied Matters Act 2020, section 55

What this section means

From the guide: Re-registering a company under CAMA 2020: private, public, limited and unlimited

  • A company can change its status in five ways: private to public, public to private, private limited to unlimited, unlimited to limited, and public limited to unlimited (section 55).

Read the whole subject

Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.