(1) In addition to the requirements of section 1285, in the case of a company, being a company which does not have a share capital, that proposes to re-register as a company which does have share capital, there shall, as part of the application under that section, be delivered to the Registrar -
(a) a statement under subsection (2) - in this section referred to as a "statement of initial shareholdings", and
(b) a statement under subsection (3) - in this section referred to as a "statement of share capital".
(2) The statement of initial shareholdings shall state with respect to each member of the company -
(a) the number and nominal value of the shares to be taken by him or her on re-registration, and
(b) the amount (if any) payable in respect of each share on re-registration, whether on account of the nominal value or by way of a premium.
(3) The statement of share capital -
(a) shall, if the resultant company will be other than a private company limited by shares, state with respect t
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