Compulsory change - change of name , Business Law and Ethics

Compulsory Change:

Section 20(2) of the Act provides that within six months of registration with a particular name the registrar may direct a change in name if in his opinion the name is "too like" that of a pre-existing company. In the event of such direction the change shall be made within a period of six weeks from the date of the direction or such longer period as he may think fit to allow. A change of name under this section may be made by ordinary resolution.

Failure to comply with the registrar's directive is an offence punishable by a fine not exceeding one hundred shillings for every day during which the default continues.

After a company changes its name under any of the above provisions it shall give to the registrar notice thereof within fourteen days. Upon receipt of the notice, the registrar shall -

i.        enter the new name on the register in place of the former name;

ii.       issue to the company a certificate of change of name; and

iii.      publish the change of name in the Kenya Gazette.

Where a company changes its name either voluntarily or compulsorily the change will not affect any of its rights or obligations or render defective any legal proceedings by or against it, and any such proceedings may be continued or commenced against it by its new name.

Posted Date: 1/12/2013 2:24:22 AM | Location : United States







Related Discussions:- Compulsory change - change of name , Assignment Help, Ask Question on Compulsory change - change of name , Get Answer, Expert's Help, Compulsory change - change of name Discussions

Write discussion on Compulsory change - change of name
Your posts are moderated
Related Questions
The phrase called information overload may be a bit of a problem because it used so often, but the fact remain that managers & support staff are merged in information of all kinds.

Statutory Provisions:  i) Definition of "Prospectus" A prospectus is defined by S.2 as "any prospectus, notice, circular, advertisement or other invitation offering to the

Explain two scenarios in which a restraint of trade clause would typically be used.

Question 1: (a) "A tourist resort which does business in a single currency is not exposed to currency risk." Discuss (use example to support your answer). (b) Case: Hedging

Different ways through which States create International law There are different ways through which States create International law. International conventions mentioned under a

Jurisdiction - High Court Whether under Section 60 of the constitution states in which the High Court shall have 'unlimited original jurisdiction in civil and the criminal mat

WHAT WAS THE IMMUNITY FROM JURISDICTION   States are recognized as having authority over people, things and events within their own territory and therefore may exercise jurisdict

Legal rights - Winding up: In substance these two people are really partners" and by analogy with the law of partnership (which permits dissolution if the partners are really

Determine the schemes of Michael Mandelbaum Michael Mandelbaum has offered a two fold scheme, the inside-out and outside-in approach. According to inside-out approach, a natio

Hi Dear, Could you please do my online quiz in Business Law. This is a 10 question quiz, made up of a combination of multiple choice and true/false type questions. You have 12 min