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What is a Company Limited by Guarantee?

Aug 19, 2013 · A company limited by guarantee is a specialised form of public company designed for non-profit organisations. In Australia companies limited by guarantee are subject to the Corporations Act 2001 (Cth) and administered to by the Australian Securities and Investments Commission (ASIC). Like incorporated associations, this legal structure designates an organisation as a separate legal entity.Author: Better Boards…

Company Limited by Guarantee definition and meaning ...

Company Limited by Guarantee definition - What does Company Limited by Guarantee mean? A Company Limited by Guarantee (CLG) is a private company that does not have shareholders or share capital. It has members, called guarantors, that undertake to contribute should the company need it. It cannot distribute its profits and these are…

Company limited by guarantee: what is it?

Oct 26, 2015 · Unlike unincorporated organisations, a company limited by guarantee has an existence which is legally separate from its members. This means that property and other assets can be held in the company’s name, the company can enter into contracts and employ people.…