Chapter 2: Formation, Administration and Dissolution of Companies
Part B: Incorporation and legal status of companies

R18: Conversion of Close Corporations

  • (1) A Notice of Conversion of a close corporation in terms of Schedule 2 must be filed in Form CoR 18.1, and must be accompanied by-
    • (a) a written statement of consent signed by members of the corporation holding, in aggregate, at least 75% of the members' interests in the corporation;
      • (b) a Memorandum of Incorporation; and
        • (c) the fee set out in Table CR 2B.
        • (2) As soon as practicable after receiving a Notice of Conversion, the Commission must issue either-
          • (a) a Notice Requiring Further Information in Form CoR 18.2, if the Commission requires more information to verify that the requirements of Schedule 2 have been satisfied; or
            • (b) a Certificate of Registration in Form CoR 18.3, if-
              • (i) the Commission has accepted the Notice of conversion; and
                • (ii) the company's Memorandum of Incorporation, including its name, is consistent with the requirements of the Act.

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