591. Public company reducing capital below authorised minimum

(1) This section applies where the Court makes an order confirming a reduction of a public company’s capital that has the effect of bringing its allotted share capital below the authorised minimum.
(2) The Registrar must not register the order unless either-
(a) the Court so directs, or
(b) the company is first re-registered as a private company.
(3) Section 592 provides an expedited procedure for re-registration in these circumstances.