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Memorandum Of Association For Company Limited By Guarantee
"Need to draft a Memorandum of Association for a Company Limited by Guarantee for an educational trust planning to establish multiple schools across Maharashtra, India, to be incorporated by March 2025, with a guarantee amount of Rs. 100,000 per member and specific provisions for educational grants and government collaborations."
1. Name Clause: States the name of the company with 'Limited' as the last word
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
4. Liability Clause: States that members' liability is limited by guarantee and specifies the amount each member undertakes to contribute
5. Capital Clause: Declares that the company is limited by guarantee and does not have share capital
6. Association Clause: Declaration of association by the subscribers to form the company
7. Subscriber Information: Details of the subscribers including names, addresses, occupations, and signatures
1. Foreign Company Clause: Required when the company plans to have international operations or foreign subscribers
2. Non-Profit Declaration: Required for companies registering under Section 8 of Companies Act as non-profit entities
3. Special Objects: Required for companies in specialized sectors like education, healthcare, or religious activities
4. Branch Office Provisions: Optional clause for companies planning to establish branch offices
5. Charitable Purpose Clause: Required for companies established for charitable purposes
6. Amendment Clause: Optional clause specifying the procedure for amending the memorandum
1. Schedule I - Subscriber Details: Detailed information about subscribers including their identification documents and contact details
2. Schedule II - Property Details: Details of any property owned by or promised to the company at formation
3. Schedule III - Initial Guarantors: List of initial guarantors with their guaranteed amounts
4. Schedule IV - Rules and Regulations: Specific rules and regulations governing the company's operations
5. Appendix A - Forms and Declarations: Standard forms and declarations required for registration
6. Appendix B - Consent Letters: Consent letters from various stakeholders including subscribers and directors
Authors
Non-Profit Organizations
Education
Healthcare
Religious Institutions
Sports and Recreation
Professional Associations
Cultural Organizations
Research Institutions
Charitable Organizations
Social Services
Environmental Conservation
Arts and Heritage
Legal
Compliance
Corporate Secretarial
Board of Directors
Corporate Governance
Regulatory Affairs
Administration
Executive Leadership
Risk Management
Company Secretary
Legal Counsel
Corporate Lawyer
Compliance Officer
Director
Board Member
Chief Executive Officer
Managing Director
Non-Profit Director
Governance Officer
Legal Administrator
Company Formation Specialist
Corporate Governance Manager
Regulatory Affairs Manager
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