(1)
If, on an application for re-registration of a public company as an unlimited company, the Commission is satisfied that the company is entitled to be so re-registered, the company shall be re-registered accordingly.
(2)
The Commission shall issue a certificate of incorporation altered to meet the circumstances of the case.
(3)
The certificate shall state that it is issued on re-registration and the date on which it is so issued.
(4)
Upon the issue of the certificate the —
(a)
company, by virtue of the issue of the certificate, becomes an unlimited company ; and
(b)
changes in the company’s name, memorandum and articles take effect.
(5)
The certificate is prima facie evidence that the requirements of this Act as to re- registration have been complied with.