Investment Funds, Companies and Miscellaneous Provisions Act 2005

Reservation of company name.

59.—(1) In this section—

“reserved” means reserved under subsection (4) for the purpose mentioned in subsection (3);

“specified period” means the period specified in the relevant notification made by the registrar of companies under subsection (5).

(2) During the specified period and any extension under section 60 of that period a company shall not be incorporated with a particular reserved name save on the application of the person in whose favour that name has been reserved.

(3) A person may apply to the registrar of companies to reserve a specified name for the following purpose, namely, the purpose of a company that is proposed to be formed by that person being incorporated with that name; such an application shall be accompanied by the prescribed fee.

(4) On the making of such an application, the registrar of companies may, subject to subsection (6), determine that the name specified in the application shall be reserved for the purpose mentioned in subsection (3).

(5) That determination shall be notified to the applicant by the registrar of companies and that notification shall specify the period (which shall not be greater than 28 days and which shall be expressed to begin on the making of the notification) for which the name is reserved.

(6) A name shall not be reserved that, in the opinion of the registrar of companies, is undesirable.