Central Government, The Governtilent permits, Central Government

THE DELETION OF LIMITED'WPRD
If the company is engaged is non-profitable business activity and is desirous of omitthlg the word 'Limited' from its name, then it has to apply to the Union Govermment for getting a licence permitting the company not to write the word 'lintited' after its name The Governtilent permits by issuing a hcence provided
(i) the company is engaged in non-commercial business operations; and
(ii) the income of the company is used in futtl enng the objectives of the cat Zany and it is not distr buted among the members of the company it is the sole discretion of the Umon Govermilent to grant such a licence or not No appeal can he preferred against Me decision in any court of law
PROCEDURE TO BE FOLLOWED BY THE SECRETARY FOR CHANGE OF NAME
Before a change in the An e IS . forwarded for approval of the Central Government, the secretary should take the following steps
(i) He should write to the Registrar of Companies of the S late in which the registered erp office of the company is situated enquiling whether the changed name is undesirable The applicatiori should be accompanied by a fee or Rs 500 lithe registrar informs that the changed name is acceptable (not undosirablej, it may be assumed t that formal approval of the Central Government will also be obtained The Registrar is required to inform the cortically ordinarily within 14 days of the receipt of application whether the proposed change is acceptable
The approval of the Central government sliould be obtained which is available as a matter of formality once the Registrar has informed that the changed name is acceptable However, approval of the Central Government is not necessary if the change involves only the addition or deletion of the Vera 'Pa tic
INCORPORATION OF A COMPANY 85
A- or lo.. at For alteration in the name clause the company is required to take the tolloing steps
1 See the permission of the Union Govermnent
2 issue of agenda etc. for an extra-ordinary meeting of the shareholders. .
3 Passing of special resolution
4 Filing of a copy of the special resolution withm 30 days
5 Issue of new incorporation cerbfti cate by the Registrar of Companies
6 Altering the memorandum as per the resolution effecting the change in the name clause
7 Filing the altered Mennoranduin and Articles which the Registrar within 3() days from the date of alteration
THE DELETION OF LIMITED'WPRD