Section 31Part 2 — Constitution and Incorporation of Companies and Associations
Change of name
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Any company may, by special resolution, change its name and, in the case of an exempted company, may adopt a dual foreign name or change its dual foreign name, if any , and any dual foreign name shall precede or follow its name.
Where a company changes its name or its dual foreign name, the Registrar, on receiving the special resolution authorising the same and, in the case of a company changing its dual foreign nam e, receiving its translated name together with the fees provided under section 199(1) , and on being satisfied that the change of name conforms with section 30 , shall enter the new name and, if applicable, the new translated name on the register in place of the former name and lodge the special resolution for record and shall issue a certificate of incorp oration altered to meet the circumstances of the case.
If, through inadvertence or otherwise, a company on its first registration or on its registration by a new name or new translated name is registered by a name or a translated name which in any way contravenes section 30 or which, in the opinion of the Registrar, is misleading or undesirable, then the company may, with the sanction of the Registrar, change its name or its translated name as the case may be and shall, if the Registrar so directs, change its name or translated name within six weeks of the date of such direction or within such longer period as the Registrar may think fit.
A company which defaults in complying with a direction under subsection (3) is liable to a fine of ten dollars for every day during which the default continues.