Books > Old Books > Poetry Northwest (1959)


Page 6

CHAPTER 2
THE MEMORANDUM OF ASSOCIATION

THE memorandum of association is the company's charter, and defines the limitation of its powers. Its purpose is to enable shareholders, creditors and those who deal with the company to know what is its permitted range of enterprise. It is the document which informs all persons dealing with the company what the company is formed to do, what capital it has to do it with, and what its nationality is. It regulates the company's external affairs, while the articles of association regulate its internal affairs.

The memorandum of every company must state (s. 2) :
1. The name of the company, with " Limited " as the last word of the name, in the case of a company limited by shares or by guarantee.
2. Whether the registered office of the company is to be situate in England or Scotland.
3. The objects of the company.
4. That the liability of the members is limited, if the company is limited by shares or by guarantee.
5. In the case of a company having a share capital, the amount of share capital with which the company proposes to be registered, and its division into shares of a fixed amount.

The memorandum must be subscribed by seven or more persons, or, in the case of a private company, two or more (s. 1). No subscriber may take less than one share. Each subscriber must write opposite to his name the number of shares he takes.
Each subscriber must sign the memorandum in the presence of at least one witness, who must attest the signature (s. 3).
The form of the memorandum of association of a company limited by shares must be in accordance with the form set out in Table B in the First Schedule to the Act, or as near thereto as circumstances admit, (s. 11). The following is the form in Table B:

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In what is case of a company having a share capital, what is amount of share capital with which what is company proposes to be registered, and its division into shares of a fixed amount. what is memorandum must be subscribed by seven or more persons, or, in what is case of a private company, two or more (s. 1). No subscriber may take less than one share. Each subscriber must write opposite to his name what is number of shares he takes. Each subscriber must sign what is memorandum in what is presence of at least one witness, who must attest what is signature (s. 3). what is form of what is memorandum of association of a company limited by shares must be in accordance with what is form set out in Table B in what is First Schedule to what is Act, or as near thereto as circumstances admit, (s. 11). what is following is what is form in Table B: where is Server.Execute("_SiteMap.asp") %

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