Changes affecting charitable companies
The final stages of the Companies Act 2006 (the “2006 Act”) were implemented on 1 October 2009. Noteworthy changes affecting charitable companies include the following: Memorandum of Association The Memorandum of Association has a reduced role under the 2006 Act. For charitable companies incorporated on or after 1 October 2009, the Memorandum now comprises a simple document stating only the subscribers’ intention to form a company.