Companies Act · 2021 Revised Edition · Part · Incorporation of Companies and Matters Incidental Thereto
10. Regulations required in case of unlimited company or company limited by guarantee
Official textFrom Attorney General's Chambers, unchanged
In the case of an unlimited company, if the company has a a share capital, the articles must state the amount of share capital with which the company proposes to be registered.
unlimited company
"unlimited company" means a company formed on the principle of having no limit placed on the liability of its members;
In the case of an unlimited company or a company limited by guarantee, if the company has not a share capital, the articles must state the number of members with which the company proposes to be registered.
Where a company not having a share capital has increased the a number of its members beyond the registered number, it shall, within 15 days after the increase was resolved on or took place, give to the Registrar notice
share
"share" means share in the share capital of a company, and includes stock except where a distinction between stock and shares is expressed or implied;
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Companies of the increase, and the Registrar shall record the increase. If default is made in complying with this subsection, the company and every officer of the company who is in default are liable to a default fine.
Registrar
"Registrar" means the Registrar of Companies appointed under section 288, and includes any Deputy Registrar or Assistant Registrar;
Adoption and application of Table A
Terms defined in s 2
articles
Defined · s 2"articles" means the articles of association of a company, as originally framed or as altered by special resolution, including, so far as they apply to the company, the regulations contained in Table A in Schedule 1;
company limited by guarantee
Defined · s 2"company limited by guarantee" means a company referred to in section 4(2)(b);
default fine
Defined · s 2"default fine" means a default fine within the meaning of section 3 14;
officer
Defined · s 2"officer", in relation to a corporation, includes - (a) any director or secretary of the corporation or a person employed in an executive capacity by the corporation; @) a receiver and manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and (c) any liquidator of a company appointed in a voluntary winding up, but does not include - (i) any receiver who is not also a manager; (ii) any receiver and manager appointed by the Court; (iii) any liquidator appointed by the Court or by the creditors; and (iv) an Executive Manager appointed by the Minister under section 230(1) of the Insolvency Order, 2016 (S 112016);
Registrar
Defined · s 2"Registrar" means the Registrar of Companies appointed under section 288, and includes any Deputy Registrar or Assistant Registrar;
share
Defined · s 2"share" means share in the share capital of a company, and includes stock except where a distinction between stock and shares is expressed or implied;
unlimited company
Defined · s 2"unlimited company" means a company formed on the principle of having no limit placed on the liability of its members;
Part
Share Capital and Debentures Prospectus
Part 3
Part
Management and Administration Registered Office and Name
Part 5
Part 6
Part 7
Part 8
Part 9
Part
Restrictions on Sale of Shares and Offers of Shares for Sale
Part
Prohibition of Partnerships with More Than Twenty Members
Part