Articles Of Association For Company Limited By Guarantee

Articles Of Association For Company Limited By Guarantee Template for United Arab Emirates

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Key Requirements PROMPT example:

"I need Articles of Association for a Company Limited by Guarantee to establish a non-profit educational research institution in Dubai, UAE, planned to launch in March 2025, with an initial board of 5 directors and member guarantees set at AED 1,000 each."

Document background

Articles of Association For Company Limited By Guarantee are essential founding documents required when establishing a non-profit organization in the United Arab Emirates. This document type is specifically used when forming entities where members' liability is limited to a predetermined guarantee amount rather than shareholding. It must comply with Federal Decree-Law No. 32 of 2021 and relevant emirate-specific regulations. The document encompasses crucial elements including membership structure, governance framework, financial management, and operational procedures. It's particularly relevant for organizations focusing on social, educational, professional, or charitable objectives rather than commercial profit-making activities. The articles must be submitted to relevant authorities including the Ministry of Economy and local economic department as part of the company registration process.

Suggested Sections

1. Parties: Details of the founding members/guarantors establishing the company

2. Background: Context of the company's formation and its non-profit objectives

3. Definitions and Interpretation: Key terms used throughout the articles and their meanings

4. Company Name and Legal Status: Official name of the company and its establishment as a company limited by guarantee

5. Registered Office: Official registered address of the company in the UAE

6. Objects and Powers: Company's non-profit objectives and permitted activities

7. Limitation of Liability: Statement of members' liability limited to their guarantee amount

8. Guarantee Amount: Specified amount that each member undertakes to contribute in case of winding up

9. Membership: Qualifications, admission process, and categories of membership

10. General Meetings: Procedures for conducting general meetings, voting rights, and quorum requirements

11. Board of Directors: Composition, appointment, removal, and powers of the board

12. Company Secretary: Appointment and duties of the company secretary

13. Financial Matters: Financial management, accounts, and audit requirements

14. Dissolution: Procedures for winding up the company and asset distribution

Optional Sections

1. Advisory Board: Structure and role of an advisory board, if the company chooses to establish one

2. Committees: Formation and operation of specialized committees for specific functions

3. Branch Offices: Provisions for establishing and managing branch offices, if anticipated

4. Dispute Resolution: Specific procedures for resolving internal disputes, if different from standard legal processes

5. Electronic Communications: Provisions for electronic notices and meetings, if desired

6. Seal: Provisions regarding the company seal if the company chooses to have one

Suggested Schedules

1. Schedule 1: Details of Founding Members: List of founding members with their details and guarantee amounts

2. Schedule 2: Form of Membership Application: Standard application form for new members

3. Schedule 3: Board Charter: Detailed rules governing the board's operation and responsibilities

4. Schedule 4: Meeting Procedures: Detailed procedures for different types of meetings

5. Appendix A: Initial Board Members: List of first appointed board members and their terms

6. Appendix B: Objects Detail: Detailed description of the company's objectives and permitted activities

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Non-Profit Organizations

Educational Institutions

Professional Associations

Cultural Organizations

Sports Organizations

Religious Organizations

Environmental Organizations

Research Institutions

Healthcare Organizations

Social Services

Community Development

Arts and Culture

Charitable Organizations

Relevant Teams

Legal

Compliance

Corporate Governance

Board Secretariat

Corporate Affairs

Risk Management

Regulatory Affairs

Operations

Relevant Roles

Legal Director

Company Secretary

Compliance Officer

Board Member

Executive Director

Non-Profit Director

Governance Manager

Legal Counsel

Risk Manager

Corporate Affairs Manager

Regulatory Affairs Director

Foundation Manager

NGO Director

Operations Director

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