S 165(2A) inserted by No 117 of 2001, s 3, Sch 1
24] (effective 15 December 2001).
If a proprietary company does not comply with subsection (2), ASIC may change the company from a proprietary to a public company by altering the details of the company's registration to reflect the company's new type.
Date of effect]
A change of type under this section takes effect when ASIC alters the details of the company's registration.
Certificate of registration]
ASIC must give the company a new certificate of registration after it alters the details of the company's registration under subsection (3). The company's name is the name specified in the certificate of registration issued under this section.
Note: For the evidentiary value of a certificate of registration, see subsection 1274(7A).