159ASIC’s power to include “Limited” in company’s name

159 ASIC’s power to include “Limited” in company’s name

(1) ASIC may change a company’s name so that it includes the word “Limited” by altering the details of the company’s registration to reflect the change if: (a) the company contravenes any of the requirements or prohibitions in its constitution referred to in subsection 150(1); or (b) the company modifies its constitution to remove any of those requirements or prohibitions; or (c) ASIC revokes a licence referred to in section 151 that applies to the company. (2) The change of name takes effect when ASIC alters the details of the company’s registration.