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CHAPTER 19
COMPANIES LIMITED BY GUARANTEE AND UNLIMITED
COMPANIES

A COMPANY limited by guarantee is one in which each member undertakes to contribute a specified sum towards the assets of the company in the event of its being wound up, either while he is a member or within one year after he ceases to be a member (s. 2). The undertaking is embodied in the memorandum, the form of which, contained in Table C to the Act, is:
Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while he is a member, or within one year afterwards, for payment of the debts and liabilities of the company contracted before he ceases to be a member, and the costs, charges and expenses of winding up, and for the adjustment of the rights of contributories among themselves, such amount as may be required not exceeding £10.
The amounts which the members have agreed to contribute in a winding up cannot be mortgaged or charged while the company is a going concern.(1)
A company limited by guarantee may be formed either with or without a share capital. Such companies are usually formed to incorporate associations and clubs supported by annual subscriptions.
Every company limited by guarantee, whether it has a share capital or not, is obliged to register articles of association (s. 6). If it has a share capital, Table A may be adopted without any modification, (2) and all the provisions set out above relating to share capital apply equally to the share capital of a company limited by guarantee.
If the company has no share capital, it may adopt the form of articles set out in Table C. In the case of such a company, the articles must state the number of members with which the company proposes to be registered (s. 7). This is to give persons dealing with the company some idea of the value of the guarantee. Table C, Art. 2, provides:

" The number of members with which the company proposes to be registered is 500, but the directors may from time to time register an increase of members."

1 Re Irish Club, [1906] W. N. 127.
2 See Sched I, Table D.

travel books:
where is HTML where is HEAD where is TITLE A COMPANY limited by guarantee is one in which each member undertakes to contribute a specified sum towards what is assets of what is company in what is event of its being wound up, either while he is a member or within one year after he ceases to be a member (s. 2). what is undertaking is embodied in what is memorandum, what is form of which, contained in Table C to what is Act, is: Every member of what is company undertakes to contribute to what is assets of what is company in what is event of its being wound up while he is a member, or within one year afterwards, for payment of what is debts and liabilities of what is company contracted before he ceases to be a member, and what is costs, charges and expenses of winding up, and for what is adjustment of what is rights of contributories among themselves, such amount as may be required not exceeding £10. what is amounts which what is members have agreed to contribute in a winding up cannot be mortgaged or charged while what is company is a going concern.(1) A company limited by guarantee may be formed either with or without a share capital. Such companies are usually formed to incorporate associations and clubs supported by annual subscriptions. Every company limited by guarantee, whether it has a share capital or not, is obliged to register articles of association (s. 6). If it has a share capital, Table A may be adopted without any modification, (2) and all what is provisions set out above relating to share capital apply equally to what is share capital of a company limited by guarantee. If what is company has no share capital, it may adopt what is form of articles set out in Table C. In what is case of such a company, what is articles must state what is number of members with which what is company proposes to be registered (s. 7). This is to give persons dealing with what is company some idea of what is value of what is guarantee. Table C, Art. 2, provides: " what is number of members with which what is company proposes to be registered is 500, but what is directors may from time to time register an increase of members." 1 Re Irish Club, [1906] W. N. 127. 2 See Sched I, Table D. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 214 where is strong CHAPTER 19 COMPANIES LIMITED BY GUARANTEE AND UNLIMITED COMPANIES where is p align="justify" A COMPANY limited by guarantee is one in which each member undertakes to contribute a specified sum towards the assets of what is company in what is event of its being wound up, either while he is a member or within one year after he ceases to be a member (s. 2). what is undertaking is embodied in what is memorandum, the form of which, contained in Table C to what is Act, is: Every member of what is company undertakes to contribute to what is assets of what is company in what is event of its being wound up while he is a member, or within one year afterwards, for payment of what is debts and liabilities of what is company contracted before he ceases to be a member, and what is costs, charges and expenses of winding up, and for what is adjustment of what is rights of contributories among themselves, such amount as may be required not exceeding £10. what is amounts which what is members have agreed to contribute in a winding up cannot be mortgaged or charged while what is company is a going concern.(1) A company limited by guarantee may be formed either with or without a share capital. Such companies are usually formed to incorporate associations and clubs supported by annual subscriptions. Every company limited by guarantee, whether it has a share capital or not, is obliged to register articles of association (s. 6). If it has a share capital, Table A may be adopted without any modification, (2) and all what is provisions set out above relating to share capital apply equally to what is share capital of a company limited by guarantee. If what is company has no share capital, it may adopt what is form of articles set out in Table C. In what is case of such a company, what is articles must state what is number of members with which what is company proposes to be registered (s. 7). This is to give persons dealing with the company some idea of what is value of what is guarantee. Table C, Art. 2, provides: " what is number of members with which what is company proposes to be registered is 500, but what is directors may from time to time register an increase of members." 1 Re Irish Club, [1906] W. N. 127. 2 See Sched I, Table D. where is Server.Execute("_SiteMap.asp") %

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