23164-1911-Supplementary-Bill-re-published--Companies — Page 7

Mode of

forming in- corporated company. lb. s. 2.

Memoran- dum of

company limited by shares. Ib. 8. 8..

Memoran- dum of company limited by guarantee. Ib, s. 4.

Memoran- dum of

unlimited

company.

3 Hdw. 7 c.

69 8. 5.

816

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 niemorandum of association 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) 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 memorandum to such amount as the members may respectively thereby under- take to contribute to the assets of the company in the event of its being wound up (in this Ordinance termed a company limited by guar- antee); or

(17) A compag not having any mit 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;

(i) The address in the Colony at which the regis- tered office of the company is to be situate : (i) 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: (2) No subscriber of the memorandum may take less

than one share :

(3) Each subscriber must write opposite to his name the number of shares he takes.

5. In the ease of a company limited by guaramee- (1.) The memorandum must state-

() The name of the company, with "Limited" as

the last word in its name;

(ii) The address in the Colony at which the regis-

tered office of the company is to be situate; (ii) The objects of the company;

(iv) That the liability of the members is limited ; (v) 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 he ceases 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 amonat as may be required, not exceeding a specified amount.

(2) If the company has a share capital-

(1) 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;

(a) No subscriber of the menorandum 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----

(i) The name of the company ;

(ii) The address in the Colony at which the registered office of the company is to be situate;

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