COMPANIES ACT, 1929

577
authority or with any society or body incorporated by
Royal Charter; or
contains the word ‘‘ Co-operative.”

()
18.—(1) Where it is proved to the satisfaction of the Board of
Trade 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 Board 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.

(2) A licence by the Board of Trade under this section may
be granted on such conditions and subject to such regulations
as the Board think fit, and those conditions and regulations shall
be binding on the association, and shall, if the Board so direct, be
inserted in the memorandum and articles. or in one of those docu-
ments.

Power to
dispense with
“Limited” in
name of charit:
able and other
companies.

(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.

(4) A licence under this section may at any time be revoked
by the Board of Trade, and upon revocation the registrar shall
enter the word “Limited” at the end of the name of the association
upon the register, and the association shall cease to enjoy the
exemptions and privileges granted by this section:

Provided that, before a licence is so revoked, the Board shall
give to the association notice in writing of their intention, and shall
afford the association an opportunity of being heard in opposition
to the revocation.

(5) Where the name of the association contains the words
“Chamber of Commerce,” the notice to be given as aforesaid shall
include a statement of the effect of the provisions of subsection (3) »
the: next following section of this Act.
19.—(1) A company may, by special resolution and with the Change of name.

approval of the Board of Trade signified in writing, change its name

(2) If a company, through inadvertence or otherwise, is,
without such consent as is mentioned in paragraph (a) of subsection
(1) of section seventeen of this Act, registered by a name which is
identical with that by which a company in existence is previously
registered, or which so nearly resembles that name as to be calculated
to deceive, the first-mentioned company may chan~ ‘+ name
with the sanction of the registrar.

(3) Where a licence granted in pursuance of the last foregoing
section of this Act to a company the name of which contains the
words “Chamber of Commerce’’ is revoked. the companv shall