Section 8, The Companies (Amendment) Act, 2014

Section 29 of the Companies Act,2009 is amended byrepealing and replacing that section with the following new section– “29 Any person who trades or carries on business under a name or title of which “limited” or any contraction or imitation thereof is the last word, that person unless duly incorporated with limited, shall be in default and liable to a default fine of Le 850,000.00 for each day the default continues.”