THE CORPORATIONS LAW
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 2B - BASIC FEATURES OF A COMPANY
PART 2B.6 - NAMES
Division 1 - Selecting and using a name
SECTION 150 EXCEPTION TO REQUIREMENT FOR USING ``LIMITED'' IN NAME 150(1) [Companies limited by guarantee] ASIC may register a company limited by guarantee without ``Limited'' in its name, or alter the registration of a company of that type by omitting ``Limited'' from its name, if its constitution: (a) requires the company to pursue charitable purposes only and to apply its income in promoting those purposes; and (b) prohibits the company making distributions to its members and paying fees to its directors; and (c) requires the directors to approve all other payments the company makes to directors. 150(2) [Notify ASIC] The company must notify ASIC as soon as practicable if any of those requirements or prohibitions in its constitution are not complied with or if its constitution is modified to remove any of those requirements or prohibitions.This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.