Nonprofit Companies

New Companies Act: Does Your Section 21/NPC Have to Adopt a New MOI

The NGO sector loves a crisis, and fresh out of the mass nonprofit organisations (NPOs) deregistration and re-registration calamity, panic is spreading again, this time about the supposed ‘deadline’ of 30 April 2013 for former section 21 companies (now called Non Profit Companies) to adopt new Memoranda of Incorporation (what the new Companies Act now calls the founding documents of all companies).

It is not true that NPCs (or any companies) have to adopt a new MOI, and it is also not true that it has to be done by 30 April.
A bit of background, first:

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