2002
No. 58 of 1911.
Mode of forming incorporated company. 8 Edw. 7, c. 69, s. 2.
Memorandum of company limited by shares. 8 Edw. 7, c. 69, s. 3.
COMPANIES.
thereof, unless it is registered as a company under this Ordinance, or is formed under or in pursuance of some other Ordinance, or Act, or of a charter of incorporation, or of letters patent.
Memorandum of association.
3. Any seven or more persons (or, where the company 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 (which must be printed and in the English language) and otherwise complying with the requirements of this Ordinance in respect of registration, form an incorporated 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
(ii) a company having the liability of its members limited by the memorandum to such amount as the members may respectively thereby undertake to contribute to the assets of the company in the event of its being wound up (in this Ordinance termed a company limited by guarantee); or
(iii) a company not having any limit on the liability of its members (in this Ordinance termed an unlimited company).
4. In the case of a company limited by shares-----
(1) The memorandum must state---
(i) the name of the company, with "Limited" as the last word in its name;
[(ii), rep. No. 31 of 1915.]
(iii) the objects of the company;
(iv) that the liability of the members is limited;
(v) the amount of share capital with which the company proposes to be registered, and the division thereof into shares of a fixed amount.
* As amended by No. 22 of 1913 and No. 12 of 1921.
† As amended by No. 31 of 1915.