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CORPORATIONS ACT 2001 - SECT 159 ASIC's power to include "Limited" in company's name

CORPORATIONS ACT 2001 - SECT 159

ASIC's power to include "Limited" in company's name

  (1)   ASIC may change a company's name so that it includes the word "Limited" by altering the details of the company's registration to reflect the change if:

  (a)   the company contravenes any of the requirements or prohibitions in its constitution referred to in subsection   150(1); or

  (b)   the company modifies its constitution to remove any of those requirements or prohibitions; or

  (c)   ASIC revokes a licence referred to in section   151 that applies to the company.

  (2)   The change of name takes effect when ASIC alters the details of the company's registration.

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