(1) Where the name of a company seeking registration is a name by which it is precluded from being registered by any provision of the Companies Acts, either -

(a) because it is directly prohibited from being registered with that name, or

(b) because the Secretary of State would not approve the company being registered with that name,

the company may change its name with effect from the date on which it is registered.

(2) A change of name under this regulation requires the like assent of the company's members as is required by regulation 3 for registration.