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Whats wrong with the Charity Commissions model memorandum and articles for a charitable company?

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Whats wrong with the Charity Commissions model memorandum and articles for a charitable company?

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The Charity Commission model memorandum and articles for a charitable company limited by guarantee was first published in 1992. Since then it has been through a couple of reprints, but the wording has remained the same. The model is generally sound, but it has a number of errors and omissions some of which are serious.

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