Decision

Decision on Goldmanbanque Ltd

Updated 13 September 2023

Order under the Companies Act 2006

In the matter of application No. 4254

For a change of company name of registration No. 14669519

Decision

The company name GOLDMANBANQUE LTD has been registered since 17 February 2023 under number 14669519.

By an application filed on 15 March 2023, GOLDMAN SACHS INTERNATIONAL applied for a change of name of this registration under the provisions of section 69(1) of the Companies Act 2006 (the Act).

A copy of this application was sent to the primary respondent’s registered office on 4 April 2023, in accordance with rule 3(2) of the Company Names Adjudicator Rules 2008. The copy of the application was sent by Royal Mail “Signed For” service and also by standard mail. On 4 April 2023, the Tribunal wrote to Syed Mohammed Poona Kalanther to inform him that the applicant had requested that he be joined to the proceedings. No comments were received from Syed Mohammed Poona Kalanther in relation to this request. On 11 May 2023, Syed Mohammed Poona Kalanther was joined as a co-respondent. On 11 May 2023, the parties were advised that no defence had been received to the application and so the adjudicator may treat the application as not being opposed. The parties were granted a period of 14 days to request a hearing in relation to this matter, if they so wished. No request for a hearing was made.

The primary respondent did not file a defence within the one month period specified by the adjudicator under rule 3(3). Rule 3(4) states:

The primary respondent, before the end of that period, shall file a counter-statement on the appropriate form, otherwise the adjudicator may treat it as not opposing the application and may make an order under section 73(1).

Under the provisions of this rule, the adjudicator may exercise discretion so as to treat the respondent as opposing the application. In this case I can see no reason to exercise such discretion and, therefore, decline to do so.

As the primary respondent has not responded to the allegations made, it is treated as not opposing the application. Therefore, in accordance with section 73(1) of the Act I make the following order:

(a) GOLDMANBANQUE LTD shall change its name within one month of the date of this order to one that is not an offending name ^{[footnote 1]};

(b) GOLDMANBANQUE LTD and Syed Mohammed Poona Kalanther each shall:

(i) take such steps as are within their power to make, or facilitate the making, of that change;

(ii) not cause or permit any steps to be taken calculated to result in another company being registered with a name that is an offending name.

In accordance with s.73(3) of the Act, this order may be enforced in the same way as an order of the High Court or, in Scotland, the Court of Session.

In any event, if no such change is made within one month of the date of this order, I will determine a new company name as per section 73(4) of the Act and will give notice of that change under section 73(5) of the Act.

All respondents, including individual co-respondents, have a legal duty under Section 73(1)(b)(ii) of the Companies Act 2006 not to cause or permit any steps to be taken calculated to result in another company being registered with an offending name; this includes the current company. Non-compliance may result in an action being brought for contempt of court and may result in a custodial sentence.

The applicant is requesting its costs. In its form CNA1, the applicant states:

As referenced in (16) below, the Primary Respondent shares registered offices with Goldman CIS Investment Italiana SpA Ltd (Company No. 14508752) and Goldman CIB Investment Italiana SpA Ltd (Company No. 14508790). Attempts to send letters to those entities at the registered address were unsuccessful, and accordingly we have not attempted to send a further letter to these premises.

Bearing in mind that the applicant has sent pre action notice on the same date; 16 January 2023, to the same registered office relating to two other applications filed with the Tribunal which have not been delivered successfully and in view of the fact that the respondent has played no part in these proceedings, it does not appear to be unreasonable for the applicant to receive an award of costs. In the circumstances, an award of costs to the applicant is considered appropriate.

GOLDMAN SACHS INTERNATIONAL, having been successful, is entitled to a contribution towards its costs. I order GOLDMANBANQUE LTD and Syed Mohammed Poona Kalanther, being jointly and severally liable, to pay GOLDMAN SACHS INTERNATIONAL costs on the following basis:

Fee for application: £400
Statement of case: £200

Total: £600

This sum is to be paid within seven days of the expiry of the appeal period or within seven days of the final determination of this case if any appeal against this decision is unsuccessful.

Any notice of appeal against this decision to order a change of name must be given within one month of the date of this order. Appeal is to the High Court in England, Wales and Northern Ireland and to the Court of Session in Scotland.

The company adjudicator must be advised if an appeal is lodged, so that implementation of the order is suspended.

Dated 19 July 2023

Susan Eaves
Company Names Adjudicator

1. An “offending name” means a name that, by reason of its similarity to the name associated with the applicant in which he claims goodwill, would be likely to be the subject of a direction under section 67 (power of Secretary of State to direct change of name), or to give rise to a further application under section 69. ↩