CO129-454 - Acting Governor Claud Severn - 1919 [4-6] — Page 277

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COPY.

Enclosure!

COMPANIES ORDINANCE, 1911. (No.58

C

34015

RES

1119

73

3.

Memorandum of Association.

Any 7 or more persons (or, where the company to be

formed will be a private company within the meaning of this

Ordinance, any 2 or more persons) associated for any lawful

purpose may, by subscribing their names to a memorandum of

association which must be 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

(1)

(11)

(111)

a company having the liability of its members limited

by the memorandum to the amount, if any, unpaid on the

shares respectively held by then (in this Ordinance

termed a company limited by shares); or

a company having the liability of its members limited

by the nemer andum 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

a company not having any limit on the liability of its members (in this Ordinance termed an unlimited company).