(1) A private company is exempt from section 59 (requirement to have name ending with "limited" or permitted alternative) if -
(a) it is a charity,
(b) it is exempted from the requirement of that section by regulations made by the Secretary of State, or
(c) it meets the conditions specified in -
section 61 (continuation of existing exemption: companies limited by shares), or
section 62 (continuation of existing exemption: companies limited by guarantee).
(2) The registrar may refuse to register a private limited company by a name that does not include the word "limited" (or a permitted alternative) unless a statement has been delivered to him that the company meets the conditions for exemption.
(3) The registrar may accept the statement as sufficient evidence of the matters stated in it.
(4) Regulations under this section are subject to negative resolution procedure.