Document background
Company Limited By Guarantee Model Articles are essential founding documents for organizations seeking to establish a non-profit or social enterprise structure in India. This document type is commonly used when forming entities where members guarantee a specified sum towards company liabilities, rather than holding traditional shares. Under Indian jurisdiction, particularly the Companies Act, 2013, these articles define the organization's purposes, governance structure, and operational framework. They are especially suitable for charitable, educational, or social purpose organizations, often registering under Section 8 of the Companies Act. The articles include crucial provisions for membership, director duties, meeting procedures, and financial management, ensuring proper governance while maintaining the organization's non-profit character.
