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Company Limited By Guarantee Memorandum Of Association Template for Singapore

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Key Requirements PROMPT example:

Company Limited By Guarantee Memorandum Of Association

"I need a Company Limited By Guarantee Memorandum Of Association for a new educational non-profit organization to be established in Singapore by March 2025, with a guarantee amount of SGD 10 per member and an initial membership of 5 founders."

Document background
The Company Limited By Guarantee Memorandum Of Association is required when establishing a non-profit entity in Singapore that operates without share capital. This structure is commonly used for charitable organizations, professional bodies, and educational institutions where members guarantee a nominal sum in the event of company liquidation. The document must comply with the Companies Act 1967 and ACRA guidelines, containing essential information about the company's objectives, registered office, and member guarantees. It forms part of the company's constitution and serves as a fundamental reference point tHRoughout the organization's existence.
Suggested Sections

1. Name Clause: States the name of the company and declares it as a company limited by guarantee

2. Registered Office Clause: Declares that the registered office of the company will be situated in Singapore

3. Objects Clause: Details the purposes and objectives for which the company is established

4. Liability Clause: States that the liability of the members is limited by guarantee

5. Guarantee Clause: Specifies the amount each member undertakes to contribute to the company's assets in the event of winding up

Optional Sections

1. Powers Clause: Optional clause detailing specific powers of the company beyond standard statutory powers

2. Non-profit Clause: Required only if the company is to be registered as a non-profit organization

3. Restrictions Clause: Optional clause specifying any restrictions on company activities or powers

Suggested Schedules

1. Subscriber Information Schedule: Details of founding members including names, identification numbers, addresses, and occupations

2. Initial Board Members Schedule: List of first directors if appointed at incorporation, including their details and consent

3. Objects Schedule: Detailed listing of specific objects and purposes of the company if too extensive for main document

Authors

Alex Denne

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

Relevant legal definitions




































Clauses























Industries

Companies Act 1967: Primary legislation governing company formation and regulation in Singapore (2020 Revised Edition). Key sections include 17-22 for company formation and registration, Section 38 specific to companies limited by guarantee, and First Schedule regarding management regulations.

ACRA Guidelines: Regulatory guidelines from Accounting and Corporate Regulatory Authority covering filing requirements, registration procedures, and prescribed forms for company registration and compliance in Singapore.

Charities Act: Legislation governing the operation of charities and non-profit organizations in Singapore, relevant if the company limited by guarantee is to operate as a charitable organization.

Charities Regulations: Detailed regulatory requirements and compliance standards for charitable organizations in Singapore, including reporting and governance requirements.

Code of Governance for Charities and IPCs: Guidelines establishing best practices and governance standards for charitable organizations and Institutions of Public Character in Singapore.

Sector-Specific Regulations: Industry-specific regulations and requirements that may apply depending on the company's intended area of operation or services.

Licensing Requirements: Specific permits and licenses that may be required based on the company's activities and sector of operation in Singapore.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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