(1) A private company—
(a) that is exempt under section 61 or 62 from the requirement to use “limited” (or a permitted alternative) as part of its name, and
(b) whose name does not include “limited” or any of the permitted alternatives,
must not amend its articles so that it ceases to comply with the conditions for exemption under that section.
(2) If subsection (1) above is contravened an offence is committed by—
(a) the company, and
(b) every officer of the company who is in default.
For this purpose a shadow director is treated as an officer of the company.
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