Difference between revisions of "Definitions"

From FairShares Wiki 3.x
Jump to: navigation, search
(Add definitions so they can be linked to from the Model Articles themselves)
m (Model Rules for England and Wales)
Line 6: Line 6:
  
 
[[Cash]]
 
[[Cash]]
 +
 
[[Member]]
 
[[Member]]
 +
 
[[Beneficiary]]
 
[[Beneficiary]]
 +
 
[[Qualifying Contribution]]
 
[[Qualifying Contribution]]
 +
 
[[Quorum]]
 
[[Quorum]]
 +
 
[[Ordinary Resolution]]
 
[[Ordinary Resolution]]
 +
 
[[Class Resolution]]
 
[[Class Resolution]]
 +
 
[[Special Resolution]]
 
[[Special Resolution]]
 +
 
[[Reserves]]
 
[[Reserves]]
 +
 
[[Labour Shares]]
 
[[Labour Shares]]
 +
 
[[User Shares]]
 
[[User Shares]]
 +
 
[[Investor Shares]]
 
[[Investor Shares]]
 +
 
[[Founder Shares]]
 
[[Founder Shares]]
 +
 
[[IPS]]
 
[[IPS]]
[[CIS]]
+
 
 +
[[CIC]]
  
  

Revision as of 08:38, 9 February 2014

Introduction

This section of the Articles set out terms used throughout (“Definitions”) and then the Company Objects. Before the Companies Act 2006, the purposes of the company used to be set out in the Memorandum of Association. In other countries the legal system is based on UK Company Law, a spearate Memorandum may still be required. In clause 5 (Company Objects), community and public interest objectives can be added to standard committments to social entrepreneurship, co-operative enterprise, sustainability and commercial trading for social benefit.

Model Rules for England and Wales

The following are defined at the start of the Articles of Association:

Cash

Member

Beneficiary

Qualifying Contribution

Quorum

Ordinary Resolution

Class Resolution

Special Resolution

Reserves

Labour Shares

User Shares

Investor Shares

Founder Shares

IPS

CIC



Return to the FairShares Articles of Association.