Q&As

Does a company limited by guarantee have to have members? If so, does it need to file updated membership information as part of the confirmation statement?

read titleRead full title
Published on LexisPSL on 21/09/2016

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • Does a company limited by guarantee have to have members? If so, does it need to file updated membership information as part of the confirmation statement?

A company limited by guarantee is a type of company whose members have undertaken to contribute to the assets of the company in the event of it being wound up. It is not possible for a company limited by guarantee to be a public company. Since 22 December 1980 (1 July 1983 in Northern Ireland), it has not been possible to form a company limited by guarantee with a share capital.

Instead of the members holding shares in the company, they give a guarantee to pay a certain amount in the event of the company being wound up. The

Popular documents