Document background
The Memorandum and Articles of Association Charity is a crucial document required when establishing a charitable organization in Hong Kong as a company limited by guarantee. It serves as the organization's constitution, combining corporate and charitable requirements under Hong Kong law. This document is necessary when registering a new charity with the Companies Registry and applying for tax-exempt status with the Inland Revenue Department under Section 88. It outlines the charity's purposes, powers, governance structure, membership rules, and financial management principles. The document must comply with the Companies Ordinance (Cap. 622) while incorporating specific provisions that demonstrate the organization's exclusively charitable nature. It's particularly important as it forms the basis for regulatory compliance and provides a framework for the charity's operations throughout its existence.
