Section 93(2)

The registrar shall not entertain an application by the company for re-registration as a public company unless— the requirements of section 593(1)(a) and (b) have been complied with (independent valuation of non-cash consideration; valuer's report to company not more than six months before allotment), or the allotment is in connection with— a share exchange (see subsections (3) to (5) below), or a proposed merger with another company (see subsection (6) below).

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Source: legislation.gov.uk · retrieved 2026-09-04