32
CAP. 32]
Companies
[1984 Ed.
Power to
dispense with "limited" in name of charitable and other companies. 1948 € 18, 19
(6) During the period for which a name is reserved, no company (other than the intended company) shall be formed and registered under this Ordinance under the reserved name or any other name which so nearly resembles the reserved name as to be calculated to deceive and no company (other than the company in respect of which the name is reserved) shall change its name to the reserved name or any other name which so nearly resembles the reserved name as to be calculated to deceive.
(7) The reservation of a name under this section shall not by that reason only entitle an intended company to be formed and registered under this Ordinance by that name or a company to change its name to that name.
(Added 36 of 1977, s. 2)
21. (1) Where it is proved to the satisfaction of the Registrar 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 prohibit the payment of any dividend to its members, the Registrar may by licence direct that the association 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 and shall, on registration, enjoy all the privileges and (subject to the provisions of this section) be subject to all the obligations of limited companies.
(2) Where it is proved to the satisfaction of the Registrar-
(a) that the objects of a company registered under this Ordinance as a limited company are restricted to those specified in subsection (1) and to objects incidental or conducive thereto; and
(b) that by its constitution the company is required to apply its profits, if any, or other income in promoting its objects and is prohibited from paying any dividend to its members.
the Registrar may by licence authorize the company to make by special resolution a change in its name including or consisting of the omission of the word “Limited”, and subsections (4) and (5) of section 22 shall apply to a change of name under this subsection as they apply to a change of name under that section.
(3) A licence by the Registrar under this section may be granted on such conditions and subject to such regulations as the Registrar thinks fit, and those conditions and regulations shall be binding on the body to which the licence is granted, and (where the grant is under subsection (1)) shall, if the Registrar so directs, be inserted in the memorandum and articles, or in one of those documents.
(4) A body to which a licence is granted under this section shall be exempted from the provisions of this Ordinance relating to the use of the word "Limited" as any part of its name, the publishing of its name and the sending of lists of members to the Registrar.
32
CAP. 32]
Companies
[1984 Ed.
Power to
dispense with "limited" in name of charitable and other companies. 1948 € 18, 19
(6) During the period for which a name is reserved, no company (other than the intended company) shall be formed and registered under this Ordinance under the reserved name or any other name which so nearly resembles the reserved name as to be calculated to deceive and no company (other than the company in respect of which the name is reserved) shall change its name to the reserved name or any other name which so nearly resembles the reserved name as to be calculated to deceive.
(7) The reservation of a name under this section shall not by that reason only entitle an intended company to be formed and registered under this Ordinance by that name or a company to change its name to that name.
(Added. 36 of 1977, s. 2)
21. (1) Where it is proved to the satisfaction of the Registrar 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 prohibit the payment of any dividend to its members, the Registrar may by licence direct that the association 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 and shall, on registration, enjoy all the privileges and (subject to the provisions of this section) be subject to all the obligations of limited companies.
(2) Where it is proved to the satisfaction of the Registrar- (a) that the objects of a company registered under this Ordin- ance as a limited company are restricted to those specified in subsection (1) and to objects incidental or conducive thereto; and
(b) that by its constitution the company is required to apply its profits, if any, or other income in promoting its objects and is prohibited from paying any dividend to its members. the Registrar may by licence authorize the company to make by special resolution a change in its name including or consisting of the omission of the word “Limited”, and subsections (4) and (5) of section 22 shall apply to a change of name under this subsection as they apply to a change of name under that section.
(3) A licence by the Registrar under this section may be granted on such conditions and subject to such regulations as the Registrar thinks fit, and those conditions and regulations shall be binding on the body to which the licence is granted, and (where the grant is under subsection (1)) shall, if the Registrar so directs, be inserted in the memorandum and articles, or in one of those documents.
(4) A body to which a licence is granted under this section shall be exempted from the provisions of this Ordinance relating to the use of the word "Limited" as any part of its name, the publishing of its name and the sending of lists of members to the Registrar.
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