Generally speaking you should be able to convert your unlisted public company to a proprietary company down the road. During the life of your company, you may decide that the company type you registered with no longer suits the activities or nature of your business. A special resolution of the members must be passed agreeing to the conversion and a form 205 and 206 lodged with ASIC. Patricia Holdings can help you with these lodgements – contact us today.
Section 162 of the Corporations Act states that only some kinds of company conversions are allowable. These are outlined below:
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This type of company may change… |
…to this type of company |
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proprietary company limited by shares |
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unlimited proprietary company |
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public company limited by shares |
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company limited by guarantee |
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unlimited public company |
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public no liability company |
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