Abiblo Law - Company (6)
The statement that company law is a law relating to the association formed with intention to carry business for gain is inaccurate.
There is no requirement provided by the Companies Act 2006 that the registered company should be limited to such purpose.
Company may not be for profit in a way where there are provisions in the constitution of the company which inhibit the profits distribution in the form of dividend or in winding up to the member of the company.
In certain aspect, it may not being run for profit, although from time to time it may do so and distributes the profit to the members.