The Memorandum of Incorporation For A Non Profit Company is essential when establishing a non-profit organization in England and Wales. It serves as the constitutional document that defines the organization's existence, purpose, and operational framework. This document is required by Companies House and must comply with the Companies Act 2006. It includes critical information about the company's objectives, governance structure, asset lock provisions, and member rights. The memorandum is particularly important as it establishes the non-profit nature of the organization and ensures its activities align with public benefit requirements.
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1. Company Name: Legal name of the non-profit company, ensuring compliance with Companies Act 2006 naming requirements
2. Registered Office: Statement declaring the company's registered office location in England or Wales
3. Objects: Detailed statement of the company's primary purposes, objectives, and permitted activities
4. Limited Liability: Declaration of members' limited liability and the extent of their guarantee
5. Asset Lock: Provisions ensuring assets are used for community benefit and restricting profit distribution
6. Subscriber Information: Details and signatures of the initial subscribers to the memorandum
1. Charitable Status Declaration: Required section when the organization intends to register as a charity, including specific charitable objects
2. Social Enterprise Provisions: Additional provisions specific to social enterprise operations and community benefit
3. Geographic Scope: Optional section defining the geographic area of operations if the company wishes to restrict its activities
1. Schedule 1: Initial Members: List of founding members including their names, addresses, and guarantee amounts
2. Schedule 2: Initial Directors: Details of first directors including their names, addresses, and service addresses
3. Schedule 3: Specified Assets: Inventory of any initial assets being transferred to the company upon incorporation
4. Schedule 4: Subsidiary Rules: Additional operational rules and procedures supplementing the main memorandum
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