A. Procedures of changing the company name
There are some procedures are required if Peter and Queenie decide to change the
company name from “Easy-Print Company Ltd” to “P & Q Company Ltd”.
At first, the company may change its name of its own volition by passing a special
resolution (s 22(1)). After passing the special resolution to change its name, it should give
a notice in the specified form of the change of its name to the Registrar within the
following 15 days.
Then the Registrar may determine under subsection (2) whether the name is the same or
too like another. If the name is unavailable, the Registrar may be within 12 months of that
time direct the company in writing to change its new name if the name is the same or too
like another. It means that another name appearing in the Registrar’s index of company
names, the name should have been appeared in the index, or the name established under
any Ordinance at the time of the restration.
If the name is available, then the Registrar may enter the new name on the register in place
of the former name and issue a certificate of change of name to the company.
B. Difference between a private company and a partnership to claim on a
fire insurance
Under the separate legal entity which is a legal entity distinct from its members and
officers, shareholders of a company are protected by the corporate veil and not liable for
the acts done under the name of the company although they are the decision makers or