Regulations Relating to Company and LLP Names are Revoked and Replaced

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Posted in:Corporate and Commercial|February 3, 2015 | Join the mailing list

On 31 January 2015, The Company, Limited Liability Partnership and Business (Names and Trading Disclosures) Regulations 2015 (the “Regulations”) came into force. The Regulations have revoked and replaced
the previous regulations relating to company and LLP names and trading disclosures.

 

The Government’s aim is to reduce burdens on businesses,
remove unnecessary legislation from the statute book and to help companies grow.

 

The most significant change to the previous regulations is to extend the list of characters that can be used in a company name, to include accents, diacritical marks and ligatures.  The previous regulations
required a company name to consist solely of letters from the Roman alphabet and a small number of additional characters.  

 

The Regulations also make a change to the trading disclosure requirements. Companies will no longer have to ensure that the company name is ‘displayed’ at all times, whilst ensuring that the information
can be made available to anyone who wishes to see it.

 

Furthermore, the list of words and expressions which are to be ignored when considering whether a name is the ‘same as’ another has been changed. The names removed are “EXPORT”, “GROUP”, “HOLDINGS”, “IMPORTS”,
“INTERNATIONAL” and “SERVICES” along with all Gaelic and Welsh equivalents.

 

It is hoped that the changes will simplify the process and reduce the times that a company might have a proposed name rejected by the register. It is expected that the Regulations will be reviewed within
5 years from implementation.

 

Should you have any queries regarding registering or changing a company name, or incorporation generally, please contact Stephen Foster, Partner and Head of the Corporate and Commercial Department,
at stephenf@berg.co.uk, or by telephoning 0161 833 9211.

      

The information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Berg or any
of its partners or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

 

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