This book provides a complete guide to the formation and administration of companies limited by guarantee and their suitability for a diverse range of purposes. The provisions of such a company's constitution are examined in detail, and additional chapters deal with the law governing the rights and duties of its members and directors. The nature of capital in a company of this type is considered, as well as issues relating to the financing of a company limited by guarantee. A further chapter seeks to provide a comprehensive guide to the rules that apply to company meetings of all types. Finally there is a discussion of reconstructions of companies limited by guarantee and their winding up. Precedent clauses for the company's constitution are also included, along with useful checklists for lawyers and company secretaries. This new edition has been fully updated , taking into account relevant legislation such as the Human Rights Act 1998, Data Protection Act 1998 and Freedom of Information Act 2000. The significant implications for companies limited by guarantee, arising from the Commonhold and Leasehold Reform Act 2002, are also considered. The precedent section has been expanded and includes a wide range of checklists, specimen memorandum and articles, and specimen rules and by-laws for the different types of company limited by guarantee. This highly practical work will be an invaluable resource for all company lawyers as well as those advising charities, clubs, property management companies and trade associations.