COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 19 Power to dispense with ""limited'' in name of charitable and other companies.

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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 19

Power to dispense with ""limited'' in name of charitable and other companies.

19.(1) Where it is proved to the satisfaction of the Ministry 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 Ministry 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 Ministry

(a)that the objects of a company registered under this Act as a limited
company are restricted to those specified in sub-section (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;

(3) A licence by the Ministry under this section may be granted on such
conditions and subject to such regulations as the Ministry 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 sub-section (1)) shall, if
the Ministry 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 excepted
from the provisions of this Act 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 of companies.

(5) Subject to sub-section (6), a licence under this section may at any time
be revoked by the Ministry, and upon revocation the registrar shall enter the
word "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 exemptions and
privileges or, as the case may be, the exemptions granted by this section.

(6) Before a licence is revoked by virtue of sub-section (5), the Ministry
shall give to the body notice in writing of its intention, and shall afford
the body an opportunity of being heard in opposition to the revocation.

(7) Where a body in respect of which a licence under this section is in force
alters the provisions of its memorandum with respect to its objects,
the Ministry may (unless it sees fit to revoke the licence) vary the licence
by making it subject to such conditions and regulations as the Ministry thinks
fit, in lieu of or in addition to the conditions and regulations, if any, to
which the licence was formerly subject.

(8) Where a licence granted under this section to a body the name of which
contains the words "Chamber of Commerce" is revoked, the body shall, within a
period of six weeks from the date of revocation or such longer period as
the Ministry may think fit to allow, change its name to a name which does not
contain those words, and

(a)the notice to be given under sub-section (6) to that body shall include a
statement of the effect of the foregoing provisions of this sub-section; and

(b)sub-sections (3) and (4) of section eighteen shall apply to a change of
name under this sub-section as they apply to a change of name under that
section.

If the body makes default in complying with the requirements of this
sub-section, it shall be liable to a fine not exceeding fifty pounds for every
day during which the default continues.

Effect of memorandum and articles.

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Northern Irish Legislation

COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 19