S.L. 234.42 Art. 9Change ofstatus of company. Cap. 386.

(1) A private company may change its status to a public company in terms of the Companies Act whereupon the company shall no longer be regulated by these regulations but shall be subject to the provisions of the Companies Act.

(2) A public company may change its status to a private company in terms of these regulations whereupon it shall no longer be regulated by the Companies Act but shall be subject to the provisions of these regulations.

Chapter II - Formation of a Company