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Part 41U.K.Business names

Modifications etc. (not altering text)

Chapter 1U.K.Restricted or prohibited names

[F1Restrictions where a company has been required to change a name]U.K.

Textual Amendments

F1S. 1198A and cross-heading inserted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 25(3), 219(1)(2)(b); S.I. 2024/269, reg. 2(t)

[F21198BName that another company has been required to changeU.K.

(1)Where a relevant direction has been given to a company to change its name, or it has been ordered under section 73 to change its name, another company must not carry on business in the United Kingdom under the name that the first company was directed or ordered to change if there is a person who has, or has had, a relevant relationship with both companies.

(2)Subsection (1) does not prevent the use by a company of a name if—

(a)it is registered under this Act by that name,

(b)the period for complying with the direction or order has not yet expired, or

(c)the direction was given, or the order was made, before section 26 of the Economic Crime and Corporate Transparency Act 2023 came fully into force.

(3)For the purposes of subsection (1) it is irrelevant whether the person has, or has had, a relevant relationship with both companies at the same time.

(4)For the purposes of this section a person has a “relevant relationship” with a company if the person is—

(a)an officer, or

(b)a member or former member.

(5)If a company uses a name in contravention of this section an offence is committed by—

(a)the company, and

(b)every officer of the company who is in default.

(6)A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.

(7)In this section—

Textual Amendments

F2S. 1198B inserted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 26, 219(1)(2)(b); S.I. 2024/269, reg. 2(u)

Modifications etc. (not altering text)