17.2.3 THE MOI AND NAME OF AN NPC
A non-profit company’s name must end with the expression NPC.
The NPC’S MOI must be consistent with the principles as set out in Item 1(2) to (9) and must differ from that of a profit company, state at least one object and does not have any shares.
Regulation 15(1) provides for 3 standard MOI’s for NPC’s, namely a short form or a long form for an NPC with and without members.
The transitional arrangements provide that every pre-existing NPC or old Section 21 company is deemed to have amended its MOI at the 1st May 2011 to expressly state that it is a nonprofit company and to have changed its name with the expression NPC.