Foundation Articles Of Incorporation Template for Singapore

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Key Requirements PROMPT example:

Foundation Articles Of Incorporation

"I need Foundation Articles of Incorporation for a new educational foundation in Singapore that will focus on STEM education grants, with plans to start operations in March 2025 and include provisions for international collaboration with universities."

Document background
Foundation Articles of Incorporation are essential documents required when establishing a new foundation in Singapore. These articles serve as the foundation's constitution and must be filed with ACRA to legally incorporate the organization. The document defines the foundation's purposes, governance structure, membership rights, and operational framework. It must comply with Singapore's Companies Act and typically follows the Company Limited by Guarantee structure. The articles include crucial information about directors' powers, member liability, meeting procedures, and financial management protocols. This document is particularly important for organizations seeking charitable status or planning to operate in the social sector.
Suggested Sections

1. Name and Registered Office: States the foundation's name and registered office address in Singapore

2. Objects: Defines the foundation's purposes and scope of activities

3. Limited Liability: Declaration of members' liability limitations

4. Membership: Details of membership structure and requirements

5. Board of Directors: Composition, appointment, removal, and powers of directors

6. General Meetings: Procedures for conducting meetings and voting

7. Financial Matters: Financial management, accounts, and audit requirements

Optional Sections

1. Charitable Status Provisions: Required if registering as a charity, includes specific charitable objectives

2. Investment Powers: Include if foundation will manage significant investments

3. International Operations: Include if foundation will operate across borders

4. Specific Program Rules: Include if foundation has specific programs requiring governance

Suggested Schedules

1. Initial Members: List of founding members and their details

2. Initial Directors: List of first directors and their details

3. Specific Powers: Detailed list of foundation's powers and limitations

4. Internal Regulations: Detailed operational procedures and policies

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 | Serial Founder & Legal AI Author

Industries

Companies Act (Cap. 50): Primary legislation governing company incorporation in Singapore, with specific focus on Sections 19-22 regarding company formation and registration requirements

Charities Act (Cap. 37): Key legislation for charitable foundations, covering registration requirements and governance frameworks for charities in Singapore

ACRA Requirements: Regulatory guidelines from the Accounting and Corporate Regulatory Authority for company incorporation and ongoing compliance in Singapore

MAS Regulations: Monetary Authority of Singapore regulations applicable to foundations involved in financial activities

Company Limited by Guarantee Structure: Specific legal structure commonly used for foundations in Singapore, with special requirements under the Companies Act

Income Tax Act: Tax legislation governing the foundation's tax obligations and potential exemptions for charitable status

Directors' Duties: Legal obligations of directors under both the Companies Act and common law fiduciary duties in Singapore

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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