law: Companies Act, 1956
  Sec 32    -    
  
  Registration of unlimited company as limited, etc.
  (1) Subject to the provisions of this section,
  
  
  (a) a company registered as unlimited may
  
  register under this Act as a limited company; and
  (b) a company already registered as a limited
  
  company may re-register under this Act.
  (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, save 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.
  (3) The registration of an unlimited company
  
  as a limited company under this section 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 the manner provided
  
  for Part IX of this Act in the case of a company registered in pursuance of
  
  that Part.