02-23-2009, 03:24 PM
Mohsin,
Please refer the section of CO 1984 in which penality of Rs. 20,000 is given. I think no penality is imposed on using limited with the name of the business because it carries no legality.
We see many shops use "Company" with its name i.e. "Refique Electric Company" is the name of a shop. Is any penality will be imposed on it. Answer is No. Because, this name is not the name of any legal entity.
Penality is only on the non-registeration of association or firm etc which compulsorily be got registered as required in Section 14.
Regards,
*
Please refer the section of CO 1984 in which penality of Rs. 20,000 is given. I think no penality is imposed on using limited with the name of the business because it carries no legality.
We see many shops use "Company" with its name i.e. "Refique Electric Company" is the name of a shop. Is any penality will be imposed on it. Answer is No. Because, this name is not the name of any legal entity.
Penality is only on the non-registeration of association or firm etc which compulsorily be got registered as required in Section 14.
Regards,
*
