Section 181Part 8 — Exempted Limited Duration Companies
Cancellation of registration
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A company ceases to be an exempted limited duration company if —
the Registrar issues a certificate under section 207 on de registration of the company;
the Registrar issues a certificate of incorporation in accordance with section 31
which records a change of name for the company that does not include at its end “Limited Duration Company” or “LDC”; or ( c ) the company passes a special resolution in accordance with section 10 to alter its memorandum of association to provide for a period of duration of the company that exceeds or is capable of exceeding thi rty years, and in the case of paragraph (b) or (c), the company pays a de registration fee of four hundred dollars. ( 2 ) On a company ceasing to be an exempted limited duration company —
the Registrar shall, where the company has ceased to be an exempted limited duration company by virtue of paragraph
or
of subsection (1), issue to the company a certificate of incorporation altered to meet the circumstances of the case; and ( b ) in all cases the certificate issued by virtue of section 179(2) ceases to have effect.
A special resolution passed for the purpose of paragraph (c) of subsection (1) has no effect until a certificate of incorporation is issued by the Registrar under paragraph (a) of subsection (2).