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ANNEXUREVTHE COMPANIES ACT, 2013 ___ COMPANY LIMITED BY GUARANTEE ___ ARTICLES OF ASSOCIATION OF INDIAN INSTITUTE OF BANKING & FINANCE ___ARTICLES OF ASSOCIATION WITH PROPOSED ALTERATIONS, SUBJECT
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How to fill out company limited by guarantee
How to fill out company limited by guarantee
01
Choose a unique name for the company limited by guarantee.
02
Decide on the number of members and directors for the company.
03
Prepare the Memorandum of Association and Articles of Association.
04
Fill out the necessary forms provided by the Companies House.
05
Submit the forms, along with the required fee, to the Companies House for registration.
Who needs company limited by guarantee?
01
Non-profit organizations, charities, clubs, and societies typically opt for a company limited by guarantee.
02
This type of structure is suitable for entities that do not intend to distribute profits to members and instead operate for a specific social or community purpose.
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What is company limited by guarantee?
A company limited by guarantee is a type of corporation that does not have share capital, instead it is owned by members who guarantee to contribute a nominal amount in the event of the company's liquidation.
Who is required to file company limited by guarantee?
Any organization or company that operates as a company limited by guarantee is required to file relevant documents and reports with the appropriate government authorities.
How to fill out company limited by guarantee?
Filling out company limited by guarantee involves submitting the required documents such as the memorandum and articles of association, particulars of members, and details of directors to the regulatory body.
What is the purpose of company limited by guarantee?
The purpose of a company limited by guarantee is usually for non-profit organizations, charities, clubs, or associations to operate as legal entities without having shareholders.
What information must be reported on company limited by guarantee?
Information such as the company's name, registered office address, details of members, directors, secretary, and financial accounts must be reported on company limited by guarantee.
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