SCENARIO: Global Water Initiative (GWI) is an NGO transitioning into a formal corporate structure. The founders decide to incorporate as a private company limited by guarantee. They submit their registration documents to Companies House. Before the certificate of incorporation is issued, one of the founders, Sarah, signs a lease for office space in the name of 'GWI Ltd'.
In a company limited by guarantee, what is the extent of the members' financial liability?
ACCA · Question 53 · Corporate and Business Law
SCENARIO: Global Water Initiative (GWI) is an NGO transitioning into a formal corporate structure. The founders decide to incorporate as a private company limited by guarantee. They submit their registration documents to Companies House. Before the certificate of incorporation is issued, one of the founders, Sarah, signs a lease for office space in the name of 'GWI Ltd'.
Which TWO of the following documents MUST be submitted to Companies House to successfully incorporate GWI?
Answer options:
Memorandum of Association
A business plan
Application for registration (Form IN01)
A certificate of insurance
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