Section 27, The Companies Act, 2009

(1) A company which is exempted under section 26 andwhose name does not include “limited” shall not alter its memorandum or to articles of association so that it ceases to comply with the requirements of subsection (3) of that section. (2) If it appears to the Commission that a company referred to in subsection (1) has– (a) carried on any business other than the promotion of any of the objects mentioned in subsection (3) of section 26; (b) applied any of its profits or other income otherwise than in promoting such objects, (c) paid a dividend to any of its members, it may, in writing, direct the company to change its name by resolution of the directors within such period as may be specified in the direction, so that its name ends with “limited”. 16 17 Cap. 249. applicable to exempted 26. (3) A copy of a resolution passed by the directors in compliance with a direction under subsection (2) shall be forwarded to the Commission within fifteen days after the passing of the resolution in accordance with section 204. (4) If a company contravenes subsection (1), the company and any officer in default shall be guilty of an offence and be liable to a daily default fine of Le500,000 and any resolution passed in contravention of this section shall be void. (5) If a company fails to comply with a direction of the Commission under subsection (2), the company and any officer in default shall be liable to a daily default fine of Le500,000.