Model Articles for Private Companies Limited by Guarantee
Standard rules and provisions set out by the UK Companies Act 2006 that govern the internal management, operations, and responsibilities of such companies, which are typically non-profit entities without share capital.
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Model Articles for Private Companies Limited by Guarantee: Governing Non-Profit Entities
Model Articles for Private Companies Limited by Guarantee provide a standard legal framework for how such companies are structured and operated. These articles are commonly used by non-profit organisations and align with the Companies Act 2006.
Limited by Guarantee
Clarifies that members are not shareholders but instead guarantee a nominal amount (usually £1) toward company debts if it is wound up.
Directors' Responsibilities
Outlines powers, decision-making procedures, conflict of interest rules, and appointment or removal of directors.
Membership Rules
Sets conditions for becoming or ceasing to be a member and how general meetings are conducted.
Meetings and Voting
Details the quorum, voting methods, and how resolutions are proposed and amended.
Administration and Legal Protections
Includes clauses on communication, use of company seals, access to records, indemnity, and insurance for directors.
These articles form a foundational part of incorporation. With Bind, you can generate and sign them digitally, ensuring your non-profit is compliant and ready to operate with legal clarity from day one.
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