Dispensation of 'Limited' permits licensed charitable companies to omit the corporate suffix subject to government conditions and revocation. Central Government may licence associations formed for charitable or other useful objects that apply profits to their objects and prohibit dividends to register without the words 'Limited' or 'Private Limited'; such licences may impose binding conditions, be recorded in the memorandum or articles, and may be revoked with notice and an opportunity to be heard, triggering re insertion of the corporate suffix and cessation of exemptions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Dispensation of "Limited" permits licensed charitable companies to omit the corporate suffix subject to government conditions and revocation.
Central Government may licence associations formed for charitable or other useful objects that apply profits to their objects and prohibit dividends to register without the words "Limited" or "Private Limited"; such licences may impose binding conditions, be recorded in the memorandum or articles, and may be revoked with notice and an opportunity to be heard, triggering re insertion of the corporate suffix and cessation of exemptions.
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