Legal Status for PIFON

Legal Status for PIFON

PIFON is registered in Fiji as a Company Limited by Guarantee and not having share capital. The main advantages for registering a not-for-profit organisation like PIFON as a company limited by guarantee and not having share capital are:

  1. This form of incorporation offers protection to its members from the liability of the organisation.
  2. PIFON will have a separate legal identity.
  3. The external rules and regulations for this type of registration  for this type of registration are less intrusive and they allow the members themselves (those who incorporate the company)
  4. This form of registration is much better suited to handling surplus funds.
  5. Administrative reporting and costs are much lower for this type of organisation compared with an organisation registered as a charitable trust.