(1) A society may not be registered under this Act under a name which in the opinion of the FCA is undesirable.

(2) The last word in the name of every registered society must be -

(a) "limited", or

(b) if the society's rules state that its registered office is to be in Wales, either "limited" or "cyfyngedig".

This is subject to the following provisions of this section.

(3) If the FCA is satisfied that a society's objects are wholly charitable or benevolent -

(a) it may register the society by a name which does not comply with subsection (2), or

(b) it may give the society approval under section 13 for a change of name to one that does not comply with that subsection.

(4) But if it subsequently appears to the FCA that the society (whether in consequence of a change in its rules or otherwise) is not being conducted wholly for charitable or benevolent objects -

(a) the FCA may direct that the word "limited" (or in an appropriate case "cyfyngedig") be added as the last word in the society's name, and