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.
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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."
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
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
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
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