What is a Designated Activity Company (DAC)?
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It is a rules document which includes a memorandum and articles of association.
It has limited liability and has a share capital or is limited by guarantee.
A Designated Activity Company (DAC) limited by shares must hold an AGM where it has 2 or more members.
It has limited liability and has a share capital or is limited by guarantee.
A Designated Activity Company (DAC) limited by shares must hold an AGM where it has 2 or more members.
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the New Companies Act 2014, which came into force on the 1st June 2015, a new company type, the Designated Activity Company (DAC) has been created. This limited company type is applicable to those companies who wish to outline and define a specific type of business in their Constitution, rather than have unlimited powers as per the LTD company type.
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