Part 18 – Guarantee Companies

22-01-2014

Part 18 of the Act addresses the guarantee company or CLG, which will be equivalent to existing companies limited by guarantee and not having a share capital, currently the preferred form for charities, sports and social clubs and management companies.

The law applicable to CLGs will be that contained in Part 18 of the Act, and that applicable to the new model private company limited by shares (or ‘LTD’), i.e. Parts 1 to 14 of the Act, save as disapplied, modified or supplemented by Part 18.

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