Government Gazette 20091222-32832 Part2 - LexisNexis South Africa

230 No. 32832 GOVERNMENT GAZETTE, 22 DECEMBER 2009COMPANIES REGULATIONSDRAFf FOR PUBUC COMMENT21 DECEMBER 2009Form CoR 16.1(E): Long Standard FormMemorandumof Incorporation fora NonProfit Companywith membersRegulation191Part ASchedule 1 • Incorporation and nature of the CompanyPart BInsert a statement ofthe objects ofthe Company, as required by item 1 ofSchedule 2 ofthe Companies Act, 2008.Insert -(a)(b)any 'Ring fencing' provisions as contemplated in section 15 (2) (b) or (c) ofthe Act;andany provisions limiting the purposes or powers ofthe Company, as contemplated insection 19 (1)(b) ofthe Act.PartePart 0Insert provisions establishing, or providing for the establishment of, a scheme ofdistributionofthe net assets of the Company upon its dissolution, as required by item 1 (4) ofSchedule2 ofthe Companies Act, 2008.Insert -(a)(b)any provisions relating to the amendment ofthe Memorandum ofIncorporation, ascontemplated in section 16 (1)(c) ofthe Act; andany provisions relating to the Board's authority to make rules for the Company, ascontemplated in section 15 (3) to (5) ofthe Act.Part EInsert the terms and conditions ofeach class ofmembership in the Company, as requiredby item 4 (2)(e) ofSchedule 2 ofthe Companies Act, 2008; together with anyadditionalterms and conditions that are consistent with terms Act.