162Changing company type

162 Changing company type

(1) A company may change to a company of a different type as set out in the following table by: (a) passing a special resolution resolving to change its type; and (b) complying with sections 163 and 164.

<table cellspacing="0" cellpadding="0" style="border-collapse:collapse"><thead><tr><td colspan="2" style="width:184.4pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-weight:bold">Allowed conversions</span></p></td><td style="width:148.4pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span>[operative table]</span></p></td></tr><tr><td style="width:10.5pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span></span></p></td><td style="width:163.1pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-weight:bold">This type of company may change…</span></p></td><td style="width:148.4pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext" style="page-break-after:avoid"><span style="font-weight:bold">…to this type of company</span></p></td></tr></thead><tbody><tr><td style="width:10.5pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:163.1pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>proprietary company limited by shares</span></p></td><td style="width:148.4pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>unlimited proprietary company</span></p><p class="Tabletext"><span>unlimited public company</span></p><p class="Tabletext"><span>public company limited by shares</span></p></td></tr><tr><td style="width:10.5pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:163.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>unlimited proprietary company</span></p></td><td style="width:148.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>proprietary company limited by shares</span><span style="font-style:italic"> (but only if, within the last 3 years, it was not a limited company that became an unlimited company)</span></p><p class="Tabletext"><span>public company limited by shares </span><span style="font-style:italic">(but only if, within the last 3 years, it was not a limited company that became an unlimited company)</span></p><p class="Tabletext"><span>unlimited public company</span></p></td></tr><tr><td style="width:10.5pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>3</span></p></td><td style="width:163.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>public company limited by shares</span></p></td><td style="width:148.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>unlimited public company</span></p><p class="Tabletext"><span>unlimited proprietary company</span></p><p class="Tabletext"><span>proprietary company limited by shares</span></p><p class="Tabletext"><span>no liability company (see subsection</span><span> </span><span>(2))</span></p></td></tr><tr><td style="width:10.5pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>4</span></p></td><td style="width:163.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>company limited by guarantee</span></p></td><td style="width:148.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>public company limited by shares</span></p><p class="Tabletext"><span>unlimited public company</span></p><p class="Tabletext"><span>proprietary company limited by shares</span></p><p class="Tabletext"><span>unlimited proprietary company</span></p></td></tr><tr><td style="width:10.5pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>5</span></p></td><td style="width:163.1pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>unlimited public company</span></p></td><td style="width:148.4pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>public company limited by shares </span><span style="font-style:italic">(but only if, within the last 3 years, it was not a limited company that became an unlimited company)</span></p><p class="Tabletext"><span>proprietary company limited by shares </span><span style="font-style:italic">(but only if, within the last 3 years, it was not a limited company that became an unlimited company)</span></p><p class="Tabletext"><span>unlimited proprietary company</span></p></td></tr><tr><td style="width:10.5pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>6</span></p></td><td style="width:163.1pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>public no liability company</span></p></td><td style="width:148.4pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>public company limited by shares </span><span style="font-style:italic">(but only if all the issued shares are fully paid up)</span></p><p class="Tabletext"><span>proprietary company limited by shares (but only if all the issued shares are fully paid up)</span></p></td></tr></tbody></table>