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Companies Limited by Guarantee (ICSA Solutions)

Author: Susan Wallace

ICSA Solutions are an innovative series of ebooks that provide immediate access to all the necessary information on a particular topic; offering practical guidance, case studies and time-saving checklists in a one-off download.

This guide sets out the basic information concerning the incorporation and structure of a Company limited by guarantee (CLGs) and details the managerial and administrative functions. It also includes information about the newer types of entities that use the CLG structure, such as community interest companies and academy trusts. These corporate bodies are not only regulated by company law, but also by other legislation and regulatory authorities, much like charitable companies. Some of the information pertaining to these new CLG structures, in particular academy trusts, is not easily accessible or widely available.

A case study detailing the conversion of Presdales School to an academy highlights the complexities of the regulatory and reporting obligations of an academy trust. It also addresses the practical issues of appointing and retaining governors as well as the continuing compliance obligations required of a dual registered CLG.

In relation to each topic in this guide, there is a summary of the main provisions and details of additional factors to be considered to assist company secretaries with compliance in practice.

This guide includes the following customisable content:

  • Model Articles for CLGs
  • Model Articles for CICs
  • Model Articles for Academy Trusts

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