Companies Limited by Guarantee

This book provides a complete guide to the formation, administration, and winding up of UK companies limited by guarantee and their suitability for a diverse range of purposes. The book includes full coverage of: the nature and purposes of companies limited by guarantee, their advantages and disadvantages, and a consideration of the circumstances in which they are used * the company's constitution, including company names, its objects, the guarantee, and the content and effect of the articles * methods of financing a company limited by guarantee * membership of the company, including admission and expulsion of members * the directors of the company, their appointment, removal, and duties * the calling, requisition, and conduct of company meetings * reorganization, takeovers, and winding-up of companies limited by guarantee. Precedent clauses for the company's constitution are also included, along with useful checklists for lawyers and company secretaries. This fourth edition updates the text to take into account the provisions that have been introduced under the UK's Charities Act 2011 including: the new charitable form of Charitable Incorporated Organizations under the Charities Act 2011 and the related provisions contained in CIO (General Regulations 2012), along with explanation of where existing charities can adapt the new charitable form * an update on annual filing requirements (Charitable Companies) * amendments to legislation relating to Scotland and Northern Ireland * an update of model articles of a company with additional clauses for use by a property company and a procedure for expulsion of a member.