S.L. 386.30 Art. 13Ulterioroption of company to be governed by these regulations.

Without prejudice to regulation 11, any company a registered under the Act which could not have availed itself of the option under regulation 1(2), may be registered as a company in accordance with these regulations provided that it fulfils the following requirements:

(a) it complies with regulations 8, 9 and 10;

(b) an extraordinary resolution is passed, resolving to convert the company from being registered under the Act to an agricultural company registered under these regulations;

(c) within fourteen (14) days from the date of the passing of the extraordinary resolution referred to in paragraph

(b) it delivers to the Registrar for registration:

(i) a certified copy of such extraordinary resolution as referred to in paragraph (b);

(ii) without prejudice to article 79 of the Act, a memorandum and articles of association which fulfils the requirement of regulation 4; and

(iii) a declaration signed by at least one (1) director of the company, confirming that the provisions of these regulations have been complied with.