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Memorandum Of Association For Non Profit Organisation Template for Singapore

A Memorandum of Association for a Non-Profit Organisation in Singapore is a fuNDAmental constitutional document that establishes the organization's existence and outlines its basic structure and objectives. Governed by Singapore's Companies Act and related legislation, this document defines the organization's name, registered office, objectives, and the limitation of liability of its members. It serves as a critical legal framework that ensures the organization operates within non-profit parameters and complies with Singapore's regulatory requirements.

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What is a Memorandum Of Association For Non Profit Organisation?

The Memorandum of Association For Non Profit Organisation is essential when establishing a non-profit entity in Singapore. This document is required by the Accounting and Corporate Regulatory Authority (ACRA) and must comply with the Companies Act (Cap. 50). It outlines the organization's fundamental characteristics, including its charitable or non-profit objectives, governance structure, and limitations on profit distribution. The memorandum serves as a public document that defines the organization's relationship with external stakeholders and provides a framework for internal operations.

What sections should be included in a Memorandum Of Association For Non Profit Organisation?

1. Name Clause: States the official name of the organization

2. Registered Office Clause: Specifies the registered address in Singapore

3. Objects Clause: Details the non-profit purposes and objectives of the organization

4. Limited Liability Clause: States the limitation of members' liability

5. Non-Profit Declaration: Declaration that income and property will be applied solely towards objectives

6. Subscriber Information: Details of founding members/subscribers

What sections are optional to include in a Memorandum Of Association For Non Profit Organisation?

1. Powers Clause: Lists specific powers of the organization (recommended for larger organizations)

2. Investment Provisions: Details investment powers if organization plans to maintain investment portfolio

3. Branch Provisions: Include if organization plans to establish branches

What schedules should be included in a Memorandum Of Association For Non Profit Organisation?

1. List of First Directors: Names and details of initial board members

2. Initial Members Register: List of founding members with contact details

3. Asset Schedule: Initial assets or contributions to the organization

4. Governance Structure: Organizational chart and reporting structure

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

Genie AI

Cost

Free to use

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