Key Benefits:
244. Provisions which apply to a company limited by guarantee
(1) The following provisions shall not apply to a company limited by guarantee without a share capital-
(a) Part VI providing for shares;
(b) sections 98 to 103 providing for minority buy out rights and interest groups;
(c) sections 141 to 144 providing for the disclosure of directors’ interests in shares;
(d) section 83(2)(b) and (c) and sections 84(1) and (3) providing in relation to share register; and
(e) Part XIV providing for amalgamations.
(2) The provisions of this Act other than those referred to in subsection (1) shall apply to a company limited by guarantee without a share capital with all necessary modifications, as if-
(a) the company were a company limited by shares;
(b) references to shareholders were references to members; and
(c) references to the share register were references to the register of members.