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Page 19

CHAPTER 2
THE MEMORANDUM OF ASSOCIATION

or of confirmation delivered within fifteen days. In the case of confirmation a printed copy of the memorandum as altered must also be delivered.

THE LIMITATION OP LIABILITY
The liability of the members may be limited either by shares or by guarantee. If the memorandum merely states that the liability of the members is limited, it means that it is limited by shares.
Tho liability of a member will be unlimited if, to his knowledge, (i) the number of members falls below seven, or two in the case of a private company, and (2) the business of the company is carried on with the reduced number for more than six months (s. 31).
Even though a company has obtained the licence of the Board of Trade to dispense with the word " Limited " as part of its name, the memorandum must contain a statement that the liability of the members is limited.

THE CAPITAL CLAUSE
The memorandum must state the amount of the company's share capital and its division into shares of fixed amount. The amount of capital will be determined by business considerations, and there is no fixed legal minimum or maximum.
The capital is divided into shares, e.g., into 100,000 shares of £1 each. The modern practice is to fix the amount of the shares at £1 or lower, on account of their greater marketability, and it is unusual to find shares of £20 each, as is set out in Table B.
The shares may be divided into classes, e.g., preference and ordinary shares, but it is usual to do this in the articles rather than in the memorandum.
The capital may be increased or reduced in the manner set out in Chapter 9, and no special provision need be made for these purposes in the memorandum.

OTHER CLAUSES.
The matters set out above must be stated in the memorandum (s. 2). The contents of the memorandum, however, are not restricted to these and may include any other provisions which the framers desire to insert. Sometimes the memorandum contains provisions dealing with the rights attaching to the various classes of shares, dividend and

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where is HTML where is HEAD where is TITLE or of confirmation delivered within fifteen days. In what is case of confirmation a printed copy of what is memorandum as altered must also be delivered. what is LIMITATION OP LIABILITY what is liability of what is members may be limited either by shares or by guarantee. If what is memorandum merely states that what is liability of what is members is limited, it means that it is limited by shares. Tho liability of a member will be unlimited if, to his knowledge, (i) what is number of members falls below seven, or two in what is case of a private company, and (2) what is business of what is company is carried on with what is reduced number for more than six months (s. 31). Even though a company has obtained what is licence of what is Board of Trade to dispense with what is word " Limited " as part of its name, what is memorandum must contain a statement that what is liability of what is members is limited. what is CAPITAL CLAUSE what is memorandum must state what is amount of what is company's share capital and its division into shares of fixed amount. what is amount of capital will be determined by business considerations, and there is no fixed legal minimum or maximum. what is capital is divided into shares, e.g., into 100,000 shares of £1 each. what is modern practice is to fix what is amount of what is shares at £1 or lower, on account of their greater marketability, and it is unusual to find shares of £20 each, as is set out in Table B. what is shares may be divided into classes, e.g., preference and ordinary shares, but it is usual to do this in what is articles rather than in what is memorandum. what is capital may be increased or reduced in what is manner set out in Chapter 9, and no special provision need be made for these purposes in what is memorandum. OTHER CLAUSES. what is matters set out above must be stated in what is memorandum (s. 2). what is contents of what is memorandum, however, are not restricted to these and may include any other provisions which what is framers desire to insert. Sometimes what is memorandum contains provisions dealing with what is rights attaching to what is various classes of shares, dividend and where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 19 where is strong CHAPTER 2 what is MEMORANDUM OF ASSOCIATION where is p align="justify" or of confirmation delivered within fifteen days. In what is case of confirmation a printed copy of what is memorandum as altered must also be delivered. what is LIMITATION OP LIABILITY what is liability of what is members may be limited either by shares or by guarantee. If what is memorandum merely states that what is liability of what is members is limited, it means that it is limited by shares. Tho liability of a member will be unlimited if, to his knowledge, (i) what is number of members falls below seven, or two in what is case of a private company, and (2) what is business of what is company is carried on with what is reduced number for more than six months (s. 31). Even though a company has obtained what is licence of what is Board of Trade to dispense with what is word " Limited " as part of its name, what is memorandum must contain a statement that what is liability of what is members is limited. what is CAPITAL CLAUSE what is memorandum must state what is amount of what is company's share capital and its division into shares of fixed amount. what is amount of capital will be determined by business considerations, and there is no fixed legal minimum or maximum. what is capital is divided into shares, e.g., into 100,000 shares of £1 each. what is modern practice is to fix what is amount of what is shares at £1 or lower, on account of their greater marketability, and it is unusual to find shares of £20 each, as is set out in Table B. what is shares may be divided into classes, e.g., preference and ordinary shares, but it is usual to do this in what is articles rather than in what is memorandum. what is capital may be increased or reduced in what is manner set out in Chapter 9, and no special provision need be made for these purposes in what is memorandum. OTHER CLAUSES. what is matters set out above must be stated in what is memorandum (s. 2). what is contents of what is memorandum, however, are not restricted to these and may include any other provisions which what is framers desire to insert. Sometimes what is memorandum contains provisions dealing with what is rights attaching to what is various classes of shares, dividend and where is Server.Execute("_SiteMap.asp") %

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