Brode of forming in- corporated company Jb. s. 2.
Memoran- dum of company limited by shares. 15. 8. 3.
Memoran.
dum of
Company limited by guarantee.
Th. s. 4.
Maran- dom of unlimited
company.
- Edw. 7 c.
6945.
456
Memorandum of' Association,
3. Any seven or more persons (or, where the com- pany to be formed will be a private company within the meaning of this Ordinance, any two or more persons) associated for any lawful purpose may. by subscribing their names to a memorandum of association and otherwise complying with the requirements of this Ordinance in respect of registration, form au incorporel company, with or without limited liability (that is to say), either—
(i) A company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them in this Ordinance termed a company limited by shares) ; or
(i) A company having the liability of its members limited by the memorandam to such amount as the members may respectively thereby under- take to contribute to the asseis of the company in the event of its hếng wound up (in this Ordinuce termed a company limited by guar- antee); or
(1) A company not having any limit on the liability of its members (in this Ordinance terme i an unlimited company),
4. In the case of a company limited by shaves ---
(1) The memorandum mist state-
(2) The n-me of the company, with "Limited" as
the last word in its name;
(27) The address in the Colony at which the regis-
tered office of the company is to be situate; (i) The objects of the company;
(e) That the liability of the members is limited ;
(r) The amount of share capital with which the company croposes to be registered and the division Lereof into shares of a fi ed amount : (2) No subscriber of the memorandam may take less
than one share :
(3) Each subscriber must write opposite to his name the number of shares he takes.
5. In the case of a company limited by guarantee- (1.) The memorandum must state-
(2) The name of the company, with "Limited"
the last word in its name ;
(i) The address in the Colony at which the regis-
tered office of the company is to be situate :
(ii) The objects of the company ; (e) That the liability of the members is limited; (e) That each member undertakes to contribute to the assets of the company in the event of its being wound up while he is a member, or within one year afterwards, for payment of the debts and liabilities of the company contracted before Le cenres to be a member, and of the costs, charges, and expenses of winding up, and for adjustment of the rights of the contribu- tories among themselves, such amount as may he required, not exceeding a specified amount,
(2) If the company has a share capital-
(6) The memorandum must also state the amount of share capital with which the company proposes to be registered and the division thereof into shares of a fixed amount;
() No subscriber of the memorandum may take
less than one share ;
(i) Each subscriber must write opposite to his
name the number of shares he takes.
6. In the case of an unlimited company-
(1) The memorandum must state-
which the
(7) The name of the company ; (i) The address in the Colony at
registered office of the company is to be situate;
I