(1) A company may, by special resolution and with the approval of the registrar of companies signified in writing, change its name.
(2) If, through inadvertence or otherwise, a company on its first registration, or on its registration by a new name, is registered by a name which, in the opinion of the registrar of companies, is too like the name by which a company in existence is already registered, the first-mentioned company may change its name with the sanction of the registrar of companies and, if he so directs within 6 months of its being registered by that name, shall change it within a period of 6 weeks from the date of the direction or such longer period as the registrar of companies may think fit to allow.
If a company makes default in complying with a direction under this subsection, it shall be liable to a fine not exceeding £1,500.
(3) Where a company changes its name under this section, the registrar shall enter the new name in the register in place of the former nam