Restriction
on registra- tion of com- panies by certain
names.
19 & 20 Geo. 5, c. 23,
s. 17.
Power to dispense with "Limited"
in name of charitable and other companies.
19 & 20 Geo. 5, c. 23, 8. 18.
1532
was furnished on the occasion of the original registra- tion 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 Ordinance, and as if the provisions of the Ordinances under which the company was previously registered and regulated had been contained in different Ordinances from those under which the company is registered as a limited com- pany.
Provisions with respect to Names of Companies. 19.-(1) No company shall be registered by a name which-
(a) is identical with that by which a company in existence is already registered, or 80 nearly resembles that name as to be calculated to deceive, except where the company in existence is in the course of being dissolved and signifies its consent in such manner as the registrar requires; or (b) contains the words "Chamber of Com- merce, unless the company is a company which is to be registered under a licence granted in pursuance of the next following section of this Ordinance without the addition of the word "Limited" to its
name; or
(c) contains the words "Building Society." (2) Except with the consent of the Governor no company shall be registered by a name which--
(a) contains the words "Royal" or "Imperial" or in the opinion of the registrar suggests, or is calculated to suggest, the patronage of His Majesty or of any member of the Royal Family or connection with His Majesty's Government or any department thereof; or (b) contains the words "Municipal" or "Char- tered" or in the opinion of the registrar suggests, or is calculated to suggest, con- nection with any municipality, or other local authority or with any society or body in- corporated by Royal Charter; or
(c) contains the word "Co-operative.” (d) contains the word "British": Provided that this paragraph shall not apply to any China company.
20.--(1) Where it is proved to the satisfaction of the Governor that an association about to be formed as a limited company is to be formed for promoting commerce, art, science, religion, charity, or any other useful object, and intends to apply its profits, if any, or other income in promoting its objects, and to pro- hibit the payment of any dividend to its members, the Governor may by licence direct that the associa- tion may be registered as a company with limited liability, without the addition of the word "Limited" to its name, and the association may be registered accordingly.
(2) A licence by the Governor under this section may be granted on such conditions and subject to such regulations as he may think fit, and those conditions and regulations shall be binding on the association, and shall, if the Governor so direct, be inserted in the memorandum and articles, or in one of those documents.
(3) The association shall on registration enjoy all the privileges of limited companies, and be subject to all their obligations, except those of using the word "Limited" as any part of its name, and of publishing its name, and of sending lists of members to the registrar of companies.
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