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Company Limited By Guarantee Memorandum Of Association
"I need a Company Limited by Guarantee Memorandum of Association for an educational institution in Mumbai, with a member guarantee amount of Rs. 10,000, planning to start operations in March 2025, focusing on providing free education to underprivileged children and including provisions for accepting foreign contributions."
1. Name Clause: States the name of the company with 'Limited' as the last word, and whether the company is a private or public company
2. Registered Office Clause: Specifies the state in which the registered office of the company will be situated
3. Objects Clause: Details the main objects, ancillary objects, and other objects of the company, focusing on charitable/non-profit purposes
4. Liability Clause: Declares that the liability of members is limited by guarantee
5. Guarantee Clause: Specifies the amount each member undertakes to contribute to company assets in the event of winding up
6. No Profit Clause: Declaration that no profits or income will be distributed to members
7. Application of Income: Stipulates how the company's income and property shall be applied solely towards its objects
8. Amendments: Procedure for altering the provisions of the Memorandum
9. Association Clause: Declaration by subscribers expressing their desire to form the company and their agreement to become members
1. Capital Clause: Optional for guarantee companies as they typically don't have share capital, but may be included if the company plans to have a nominal share capital
2. Foreign Operations: Include if the company plans to operate outside India, specifying the nature and scope of international activities
3. Collaboration Provisions: Include if the company plans to collaborate with other organizations or entities
4. Dissolution Clause: Detailed provisions for dissolution beyond the standard winding up clause, particularly relevant for charitable organizations
5. Special Provisions: Any special provisions relating to tax exemptions or specific regulatory compliance requirements
1. Schedule I - Subscriber Details: Contains detailed information about the subscribers, including names, addresses, occupations, and signatures
2. Schedule II - Initial Trustees/Directors: List of first trustees or directors with their details and consent
3. Schedule III - Property Details: If the company is formed with initial property/assets, details of such property
4. Schedule IV - Rules for Internal Management: Basic rules for internal management that complement the Articles of Association
5. Appendix A - Objects Classification: Detailed classification of objects into main, ancillary, and other objects as required by MCA
6. Appendix B - Declaration Forms: Standard forms and declarations required by the Registrar of Companies
Authors
Non-Profit Organizations
Charitable Institutions
Educational Institutions
Religious Organizations
Social Enterprises
Healthcare Organizations
Cultural Organizations
Sports Associations
Research Institutions
Environmental Organizations
Professional Associations
Community Service Organizations
Legal
Compliance
Corporate Secretarial
Board of Directors
Corporate Governance
Administrative
Regulatory Affairs
Document Management
Corporate Affairs
Company Secretary
Legal Counsel
Compliance Officer
Director of Non-Profit Organizations
Trustee
Board Member
Chief Executive Officer
Managing Director
Incorporation Specialist
Corporate Lawyer
Non-Profit Administrator
Regulatory Affairs Manager
Governance Officer
Legal Document Specialist
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