Registration of unlimited company as limited

(1) Subject to this section, any company registered as unlimited may register under this Act as limited, or any company already registered as a limited company may re- register under this Act, but the registration of an unlimited company as a limited company shall not affect any debts, liabilities, obligations or contracts incurred or entered into by, to, with, or on behalf of the company before the registration, and those debts, liabilities, obligations and contracts may be enforced in manner provided by Part VII in the case of a company registered in pursuance of that Part. (2) On registration in pursuance of this section, the Registrar shall close the former registration of the company, and may dispense with the delivery to him of copies of any documents with copies of which he was furnished on the occasion of the original registration of the company, but, except as aforesaid, the registration shall take place in the same manner and shall have effect as if it were the first registration of the company under this Act. capital on re-