Company Names
“Section 30. Prohibited Names
(1) A company shall not be registered by a name which-
(a) is identical with that of a company already registered;
(b) is so similar to the name of a company already registered as to be likely to deceive or confuse;
(c) contains the words “Chamber of Commerce” or “Trade Association” or any other words which may suggest connection with the Federal or State Government or any local government council;
(d) is offensive or otherwise contrary to public policy.
(2) A company may, with the consent of the Commission, be registered by a name which is identical with that of a company already dissolved, if-
(a) the company has been dissolved for a period of at least twenty years; or
(b) the person or persons applying for registration are the successors in business of the dissolved company.”
Registration of Company Names
“Section 31. Registration of Company Names
(1) A company may apply to the Commission for the registration of its name.
(2) The application shall be made in the prescribed form and shall be accompanied by the prescribed fee.
(3) The Commission shall, if it is satisfied that the name is not prohibited under section 30 of this Act, register the name and issue a certificate of registration.
Change of Company Name
“Section 32. Change of Company Name
(1) A company may, by special resolution, change its name.
(2) The company shall, within fourteen days of the passing of the resolution, deliver to the Commission a copy of the resolution certified by a director or the company secretary.
(3) The Commission shall, on receipt of the copy of the resolution, register the new name and issue a certificate of registration.
Effect of Registration
“Section 33. Effect of Registration
(1) The registration of a company under this Act shall have the effect of-
(a) vesting in the company all the properties and assets of the company;
(b) rendering the company liable for all the debts and obligations of the company;
(c) empowering the company to sue and be sued in its own name.
(2) The registration of a company under this Act shall not affect any right or claim which any person may have against the company or its members.”
Please note that these sections are subject to amendment and updating, and it’s always best to consult the most recent version of the Act or seek professional advice for specific guidance.
