What's in a name? - Relaxation of the rules relating to naming companies
New Regulations came into force on 31 January 2015 simplifying the rules relating to naming companies.
The main changes are that the Regulations:
- Reduce the number of sensitive words and expressions for which companies, LLPs and businesses need approval to use in their name. Approval will no longer be needed to use words including "National", "European", "Group", "Holding", "International" and "United Kingdom".
- Extend the list of characters that can be used in a company name to include accents, diacritical marks and ligatures.
- Amend the words to be considered or disregarded when determining if a name proposed to be registered is the same as another in the registrar's index.
- Amend the trading disclosure requirements so that if at least six companies operate from, or are registered, at one location it will no longer be necessary to display their registered names at all times. Instead, the information may be held on a register and made available for inspection on request.
Posted on 02/03/2015 by Ortolan