Articles of Association of Bridge Rectifier Ltd - Revision history

9600 at 17:58, 3 April 2016

2016-04-03T17:58:45Z

9600 at 17:50, 3 April 2016

2016-04-03T17:50:34Z

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9600: /* Membership */

2016-04-03T09:40:28Z

‎Membership

9600: /* Participation in directors' meetings = */

2016-04-03T09:38:53Z

‎Participation in directors' meetings =

9600: Created page with "being a not for profit co-operative company limited by guarantee '''Defined terms''' 1. In the articles, unless the context requires otherwise..."

2016-04-03T09:37:02Z

Created page with "being a not for profit co-operative company limited by guarantee <span id="DefinedTerms">'''Defined terms'''</span> 1. In the articles, unless the context requires otherwise..."

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@@ Line 24: / Line 24: @@
 == Objects ==
 === Objects for which the co-operative is established ===
@@ Line 46: / Line 47: @@
 == Income and property ==
-==== Shall be applied solely towards ====
+=== Shall be applied solely towards ===
 The income and property of the co-operative however derived shall be applied solely towards the promotion of the objects of the co-operative as set out herein and no portion shall be paid or transferred directly or indirectly to the members of the co-operative except by way of payment in good faith to any member of the co-operative in return for services actually rendered to the cooperative, of reasonable wages, bonuses and repayments of expenses, interest on money lent or reasonable rent on premises demised or let to the co-operative. Interest paid by the co-operative on money borrowed from members shall not exceed such rate as is necessary to attract and retain the capital required to further the co-operative's objects.
-==== Section 22 of the Act ====
+=== Section 22 of the Act ===
 ''This article is entrenched in accordance with section 22 of the Act and any alteration to the article requires the approval of 100% of the members.''

@@ Line 92: / Line 92: @@
 === Admit to membership ===
 The Co-operative may admit to membership any individual, unincorporated body, firm, partnership or corporate body that has paid or agreed to pay any subscription or other sum due in respect of membership and meets one of the criteria below.
@@ Line 132: / Line 133: @@
 (e) Dies, or in the opinion of the Board are unable to carry out their duties, is wound up or goes into liquidation.
-=== The rights and privileges of a Member shall not be transferable or transmissible. ===
+=== Not transferable or transmissible ===
-=== A Member may be expelled from membership by a resolution of the Co-operative ===
+=== A Member may be expelled from membership ===
 A Member may be expelled from membership by a resolution of the Co-operative stating that it is in the best interests of the Co-operative that her/his/its membership is terminated. A resolution to remove a Member from membership may only be passed if:

@@ Line 246: / Line 246: @@
 Notice of a directors' meeting must be given to each director, but need not be in writing.
-== Participation in directors' meetings ===
+== Participation in directors' meetings ==
 === Subject to the articles, directors participate in a directors' meeting ===