TMI BlogPower to dispense with "Limited" in name of charitable or other company.X X X X Extracts X X X X X X X X Extracts X X X X ..... egistered as a company with limited liability, without the addition to its name of the word "Limited" or the words "Private Limited". (2) The association may thereupon be registered accordingly; and on registration shall enjoy all the privileges, and (subject to the provisions of this section) be subject to all the obligations, of limited companies. (3) Where it is proved to the satisfaction of the Central Government (a) that the objects of a company registered under this Act as a limited company are restricted to those specified in clause (a) of sub-section (1), 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enter the word "Limited" or the words "Private Limited" at the end of the name upon the register of the body to which it was granted; and the body shall cease to enjoy the exemption granted by this section: Provided that, before a licence is so revoked, the Central Government shall give notice in writing of its intention to the body, and shall afford it an opportunity of being heard in opposition to the revocation. [4] [(8) (a) A body in respect of which a licence under this section is in force shall not alter the provisions of its memorandum with respect to its objects except with the previous approval of the Central Government signified in writing. (b) The Central Government may revoke the licence of such a body ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion (9), it shall be punishable with fine which may extend to [6] [five thousand rupees] for every day during which the default continues. -------------------------------- Notes:- [1] Powers are now delegated to Regional Directors vide Notification No. GSR 288(E), dated 31-5-1991. [ See e-Form 24A of General Rules Forms and also Companies (Fees on Applications) Rules, 1999 ]. Companies (Central Government's) General Rules Forms, 1956. [2] Refer Companies Regulations, 1956. [3] Substituted by the Companies (Amendment) Act, 1960, 65 of 1960, section 9, for sub-section (6). [4] Substituted by the Companies (Amendment) Act, 1960, 65 of 1960, section 9, for sub-section (6). [5] ..... X X X X Extracts X X X X X X X X Extracts X X X X
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