Clarity Around Charity
Article by Salvador Nash
The Christmas break gave me a chance to have another look at an aspect of the Companies Act 2014 that I find intriguing as I'm finding it hard to understand the thinking behind it.
The Act provides that a Designated Activity Company (DAC) and a Company Limited by Guarantee (CLG) can be exempt from the requirement to include the company type in its name. This exemption to both DACs and CLGs is available where the activities are in connection with the promotion of commerce, art, science, education, religion or charity and there are restrictions on the distribution of their profits.
These are referred to as...
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