Document background
Articles of Association For Company Limited By Guarantee is a mandatory document required when establishing a non-profit organization in Hong Kong under the Companies Ordinance (Cap. 622). This document type is specifically used for organizations that operate without share capital and where members act as guarantors rather than shareholders, typically guaranteeing a nominal amount (often HK$100) in the event of winding up. The articles outline the organization's objectives, governance structure, membership requirements, and operational procedures. It's commonly used by charitable organizations, professional bodies, religious institutions, and other non-profit entities. The document must comply with Hong Kong legal requirements while being tailored to the specific needs of the organization, including provisions for member admission, board composition, meeting procedures, and asset distribution restrictions to maintain non-profit status.
