FID Trust International

SAMPLE


The Companies Acts 1985 and 1989

 Private Company Limited by Guarantee and not having Share Capital

Memorandum of Association of [Name of your company] Flat Management LTD


1.     The Company’s name is [NAME OF YOUR COMPANY] FLAT MANAGEMENT LTD

2.     The Company’s Registered Office is to be situated in England and Wales.

3.     The objects for which the Company is established are:-

(a)  These are the object of a Limited by Guarantee company: [WRITE YOUR OWN].

(b)  To do all or any of the following, that is to say, all works and things requisite, necessary, convenient or desirable for providing lighting and heating facilities for and supplying electricity, gas, water and all other services and amenities to the Property and for paying the rates and taxes including water rates (if any) and all other outgoings of whatsoever nature charged, assessed or payable hereon or on any part thereof and for engaging gardeners and other employees to provide amenities and services for the Property and the Residents thereof.

(c)  To enter into leases, deeds, covenants and other instruments whereby the Company may or shall assume liabilities and responsibilities for carrying out obligations of all kinds of or in connection with the Property and the Residents thereof.

(d)  To manage administer and deal with land and buildings whether belonging to the Company or not an to collect rents and income and provide and supply to or for owners and occupiers of land and buildings, services and goods of all kinds.

(e)  To set up and maintain management funds to pay the expenses incurred in the implementation of the Company’s objects and to require the members of the Company to contribute towards such funds as the Company shall deem fit.

(f)  To purchase, take on lease or in exchange, hire or otherwise acquire any real or personal property which may be deemed necessary, convenient or desirable for any of the purposes of the Company.

(g)  To construct, alter and maintain any buildings or works necessary or convenient or desirable for any of the purposes of the Company or for the use of or as an amenity for the Property of the Residents thereof.

(h)  To take any gift or any real or personal property for any one or more of the objects of the Company whether or not subject to any special trust or condition.

(i)  To borrow and secure the repayment of money in such manner as the Company may think fit and to secure and guarantee the performance by the Company of any obligation or liability it may undertake or which may become binding upon it.

(j)  To lend money or advance credit with or without security, upon such terms as the Company may approve, and to guarantee or secure the payment of any moneys or the performance of any obligation by any person or company.

(k)  To undertake and execute any trust or agency business (whether gratuitously or otherwise) the undertaking whereof may seem desirable whether as being convenient for or conductive to any of the objects of the Company or as being a convenience or amenity for the Property or for the Residents thereof.

(l)  To take part in the formation, management, supervision or control of the Company and for that purpose to appoint and remunerate any Directors, Professional Advisors, Consultants, experts or agents and to pay all or any expenses incurred in connection with these activities.

(m)  To carry on all or any of the following businesses namely builders and contractors, carpenters, decorators, gardeners, engineers, merchants of and dealers in stone, sand, lime, brick, timbers, iron, steel, hardware, paint and other building or decorating requisites, electrical, heating, refrigerating and sanitary equipment, house and estate agents and to enter into contracts with others to supply these services.

(n)  To enter into and make and be party to and accept such covenants and agreements in relation to or in connection with the Property or any other land or personal property as the Company may think fit.

(o)  To distribute any Property of the Company in kind among the members of the Company.

(p)  To purchase and maintain insurance for or for the benefit of any persons who are or were at any time directors, officers, employees or auditors of the Company against any liability incurred by such persons in respect of any act or omission in the actual or purported execution and or discharge of their duties and or in the exercise of their powers and or otherwise in relation to their duties, powers, or offices in relation to the Company, and to such extent as may be permitted by law or otherwise to indemnify or to exempt any such person against or from any such liability.

(q)  To invest with or deal with the money of the Company not immediately required in such a manner as may from time to time be determined and to hold or otherwise deal with any investments made.

(r)  To draw, make, accept, endorse, discount, execute and issue promissory notes, bills of exchange and other negotiable instruments.

(s)  To enter into any arrangement with any Government or other authority and to obtain from any such body all rights, concessions and privileges which may seem conducive to any of the Company’s business.

(t)  To carry on any other business of any description which may be capable of being advantageously carried on in connection with or ancillary to the objects of the Company.

(u)  To do all or any of the above things either as principles, agents, trustees, contractors or otherwise.

(v)  To do all such things as are incidental or conducive to the attainment of the above objects or any of them.

And it is declared that the foregoing objects of the Company shall be separate and distinct objects of the Company and none of the said objects shall be deemed to be subsidiary to or limited in any way by any object or objects.

4.     The liability of the members is limited.

5.     Every member of the Company undertakes to contribute such amount as may be required (not exceeding £1) to the Company’s assets if it should be wound up while he is a Member or within one year after he ceases to be a Member, for payment of the Company’s debts and liabilities contracted before he ceased to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.


I/We, the person (s) whose name (s) and address (es) are subscribed, wish to be formed into a company in pursuance of this memorandum of association.

Names (s) and Address (es) of Subscriber (s)

Date: "__"___________ 201__

[NAME OF YOUR COMPANY] FLAT MANAGEMENT LTD,

YOUR NEW COMPANY REGISTERED ADDRESS

SUBSCRIBER 1 NAME,

SUBSCRIBER 1 RESIDENTIAL ADDRESS

SUBSCRIBER 2 NAME,

SUBSCRIBER 2 RESIDENTIAL ADDRESS

SUBSCRIBERS NAMES AND ADDRESSES (IF REQUIRED)