INCORPORATION OF A PUBLIC COMPANY LIMITED BY GUARANTEE WITHOUT HAVING A SHARE CAPITAL

In order to carry out any charitable purpose you can either set up a trust or a society under the Societies Act or Incorporate a Public Company Limited by Guarantee without a Share Capital.

The Public Company Ltd by Guarantee without Share Capital is incorporated under the Companies Act Cap 50. The salient features of the Company are enclosed in the Brief write up. The Memorandum and Articles of Association of the company should include a provision relating to the Surplus of the Company to be transferred to or donated to another charitable organization in the event of liquidating the company.

Upon incorporating the company, we recommend that you make an application to the Commissioner of Charity to get a registration and to obtain a Charity Status.

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