Part 3 Limited Liability Company (Investment Clubs)
- Section 1 Establishment, Objects and Corporate Capacity
- Section 2 Incorporation
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Section 3 Members and Share Capital
- Article 16 - Members
- Article 17 - Rectification of register of Members
- Article 18 - Allotment of Shares
- Article 19 - Subsequent Allotment of Shares
- Article 20 - Return as to allotments
- Article 21 - Allotment of Shares at a discount
- Article 22 - Transfer of Shares
- Article 23 - Transfer of Shares requires QFC Authority Non-objection
- Article 24 - Issue of certificates
- Article 25 - Rights Attaching to Shares
- Article 26 - Alteration of Share Capital
- Article 27 - Class Rights
- Article 28 - Reduction of Share Capital
- Article 29 - Power of an Investment Club to purchase own shares
- Article 30 - Prohibition of Financial Assistance
- Article 31 - Dividends and Other Distributions
- Article 32 - Consequences of an unlawful dividend or other distribution
- Section 4 Names and Change of Names
- Section 5 Registered Office
- Section 6 Formalities of Carrying on Business
- Section 7 Annual Return
- Section 8 Articles of Association
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Section 9 Directors and Secretary
- Article 49 - Appointment of Directors
- Article 50 - Removal of Directors
- Article 51 - Powers of Directors
- Article 52 - Duties of Directors
- Article 53 - Directors' Interests
- Article 54 - Prohibition of Financial Assistance to Directors
- Article 55 - Payment to Directors for Loss of Office
- Article 56 - Validity of Acts of Director
- Article 57 - Senior Executive Function
- Article 58 - Appointment of Secretary
- Article 59 - Exemption, Indemnification and Liability of Officers
- Article 60 - Insurance of Officers
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Section 10 Meetings and Resolutions
- Article 61 - General Meetings
- Article 62 - CRO's Power to Call Meeting in Default
- Article 63 - Requisition of Meetings of Members
- Article 64 - Notice of Meetings
- Article 65 - General Provisions as to Meetings and Votes
- Article 66 - Proxies
- Article 67 - Right to Demand a Poll
- Article 68 - Representation of Entity at Meetings
- Article 69 - Circulation of Members' Resolution
- Article 70 - Conditions to be met before investment club bound to give notice of resolution
- Article 71 - Resolutions in Writing of Members
- Article 72 - Directors Meetings and Written Resolutions
- Article 73 - Participation in Meetings
- Article 74 - Minutes
- Article 75 - Filing of Resolutions
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Section 11 Accounting and Audit Requirements
- Article 76 - Appointment of Administration Officer and Maintenance of Accounting Records
- Article 77 - Location of Accounting Records
- Article 78 - Financial Year of an Investment Club
- Article 79 - Investment Club Accounts
- Article 80 - Provision of Copy of Accounts to Members
- Article 81 - Publication of Accounts
- Article 82 - Qualification of Auditor
- Article 83 - Appointment and Removal of Auditor
- Article 84 - Remuneration of Auditor
- Article 85 - Resignation of an Auditor
- Article 86 - Auditor's Report to Investment Club
- Article 87 - Powers and Duties of Auditor
- Article 88 - Auditor's Right to Information
- Article 89 - Obstruction of Auditor