Constitutional Documents

Certificate of Incorporation
The certificate that brings a company into existence; it is issued to the shareholders by the Registrar of Companies when the company's constitutional documents have been received and approved. Until the certificate is issued, the company has no legal existence.
Company Limited by Guarantee
A company structure where the liability of members is limited to a predetermined amount they agree to pay in the event of liquidation. This type of company does not issue shares to its members and differs significantly from other company structures like limited companies.
Registered Name
In the United Kingdom, the term 'registered name' refers to the official name under which a company is incorporated. A company cannot be legally formed without this name, which must be included in its constitutional documents. There are specific legal restrictions and obligations regarding the use, change, and display of a company's registered name.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.