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- A Company Limited by Guarantee (CLG) is a type of Non-Profit Organization that uses to carry out non-profit making activities such as charity work, education, research, or sports. It is a legal form of organization that is suitable for non-profit activities in Singapore. It does not issue shares and its members do not own any stake in the company.
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Feb 20, 2024 · This article will explain what is a Company Limited by Guarantee (CLG), why and how to incorporate a CLG, how a CLG can apply for charity status as well as what happens in the event of a dissolution.
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What is a company limited by guarantee?
What is limited by guarantee (CLG)?
Mar 4, 2024 · Setting up a company limited by guarantee in Singapore is a straightforward process. The first step is to choose a name for your company and reserve it with the Accounting and Regulatory Authority. How to Register a Company Limited by Guarantee
- Eric Chin
- A company limited by guarantee is a type of company that is limited to the amount of money that it can raise through its members' contributions. It...
- The remaining funds and/or assets after closure will not be distributed to its members, but to organisations with similar objectives, or a register...
- A CLG may wind up if it is unable to pay its debts, and may happen either voluntarily or involuntarily.
When you submit your company name application, you must specify the relevant company type. The available options are: 1. Exempt private company. 2. Private company limited by shares. 3. Public company limited by shares. 4. Public company limited by guarantee. 5. Unlimited private company. 6. Unlimited exempt private company. 7. Unlimited public ...
Category: Incorporation. 5. minutes to read. Non-profit organisations in Singapore can operate as a Public Company Limited by Guarantee (CLG). Considering registering your organisation as a CLG? Read on to understand what you may need to do and whether it’s the right move for you. . What is the Best Structure for your Company?
Jun 4, 2024 · If you want to register a company limited by guarantee in Singapore, here are 8 primary steps and compliance requirements.
Feb 25, 2022 · This article explores what a company limited by guarantee entails in Singapore, as well as its accompanying features, requirements, and benefits. Most importantly, though, we’ll walk you through the entire process of setting up a company limited by guarantee in Singapore.
Dec 4, 2023 · A company limited by guarantee is formed by at least one person at the time of incorporation. It is a public company that is generally set up for non-profit purposes and does not have a share capital.
