(1) ASIC may change a company's name so that it includes the word "Limited" by
altering the details of the company's registration to reflect the change if:
- (a)
- the company contravenes any of the requirements or prohibitions in its
constitution referred to in subsection 150(1); or
- (b)
- the company modifies its constitution to remove any of those requirements
or prohibitions; or
- (c)
- ASIC revokes a licence referred to in section 151 that applies to the
company.
(2) The change of name takes effect when ASIC alters the details of the
company's registration.