Section 5Part 2 — Becoming a Foundation Company
Declaration of foundation company
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If the Registrar is satisfied the foundation company requirements will be met in relation to a company being formed under the Companies Act , the certificate of incorporation shall contain a declaration that it is a foundation company.
The directors and members of an existing company may apply to the Registrar for the company to be come a foundation company, and, if the Registrar is satisfied the foundation company requirements will be met, a new certificate of incorporation shall be issued containing a declaration that it is a foundation company.
The application shall be accompa nied by the prescribed fee.
A declaration under this section is conclusive evidence that the company is a foundation company. Section 6 Foundation Companies Act (2025 Revision)
Referenced By
- Section 232 — Definitions in this Part
Reference to Foundation Companies Act