1984 Ed.]
Companies
[CAP. 32
23
(8) In subsections (4), (5), (6) and (7) the expression "company" includes any body corporate or corporation. (Added, 4 of 1976, s. 2)
3. [Repealed, 6 of 1984, s. 3]
PART I
INCORPORATION of Companies and MATTERS INCIDENTAL THERETO
Memorandum of Association
4. (1) Any 2 or more persons, associated for any lawful purpose may, by subscribing their names to a memorandum of association (which must be printed 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. (Amended, 6 of 1984, s. 4)
(2) Such a company may be either--
(a) a company having, or deemed by virtue of subsection (3) to have, 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 (Amended, 6 of 1984, s. 4)
(b) 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
(c) a company not having any limit on the liability of its members (in this Ordinance termed an unlimited company).
(3) A company whose memorandum contains a condition in accordance with the fourth paragraph of the form set out in Table B in the First Schedule shall be deemed to be, and, in the case of such a company registered at the commencement* of the Companies (Amendment) Ordinance 1984, always to have been, 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. (Added, 6 of 1984, s. 4)
5. (1) The memorandum of every company must state-
(a) 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;
(b) the objects of the company.
(Amended, 1 of 1949, s. 3)
Mode of forming incorporated company.
1929 c. 23, s. 1.
First Schedule.
(6 of 1984.) [*31.8.84.]
Requirements with respect to memorandum.
1929 c. 23, s. 2.