680
Mode of
forming company,
Mode of limiting liability of members.
Memorandum
of association
of a company limited by shares.
ORDINANCE No. 1 OF 1865.
Companies, &c. (Part I. Constitution, &c.)
The fourth part,-to the management and administration of companies and associations under this Ordinance:
The fifth part, to the winding-up of companies and associations under this Ordinance:
The sixth part-to the registration office:
The seventh part,-to repeal of Ordinances. [Repealed by Ordinance No. 2 of 1866 and new section substituted.]
PART I.
CONSTITUTION AND INCORPORATION OF COMPANIES AND ASSOCIATIONS UNDER THIS ORDINANCE.
Memorandum of Association.
6. Any seven or more persons associated for any lawful purpose [Amended by Ordinance No. 2 of 1866] may, by subscribing their names to a memorandum of association, and otherwise complying with the requisitions of this Ordinance in respect of registration, form an incorporated company, with or without limited liability.
7. The liability of the members of a company formed under this Ordinance may, according to the memorandum of association, be limited either to the amount, if any, unpaid on the shares respectively held by them, or to such amount as the members may respectively undertake by the memorandum of association to contribute to the assets of the company in the event of its being wound-up.
8. Where a company is formed on the principle of having the liability of its members limited to the amount unpaid on their shares, hereinafter referred to as a company limited by shares, the memorandum of association shall contain the following things; (that is to say,)
(1.) The name of the proposed company, with the addition of the word "Limited" as the last word in such name:
(2.) The place within this Colony in which the registered office of the company is proposed to be situate:
(3.) The objects for which the proposed company is to be established:
(4.) A declaration that the liability of the members is limited:
(5.) The amount of capital with which the company proposes to be registered, divided into shares of a certain fixed amount:
680
Mode of
forming company,
Mode of limiting liability of members.
Memorandum
of association
of a company limited by shares.
ORDINANCE No. 1 OF 1865.
Companies, &c. (Part I. Constitution, &c.)
The fourth part,-to the management and administration of companies and
associations under this Ordinance:
The fifth part, to the winding-up of companies and associations under this
Ordinance:
The sixth part-to the registration office:
The seventh part,-to repeal of Ordinances. [Repealed by Ordinance No. 2 of
1866 and new section substituted.]
PART I.
CONSTITUTION AND INCORPORATION OF COMPANIES AND ASSOCIATIONS UNDER THIS ORDINANCE.
Memorandum of Association.
6. Any seven or more persons associated for any lawful purpose [Amended by Ordinance No. 2 of 1866] may, by subscribing their names to a memorandum of association, and otherwise complying with the requisitions of this Ordinance in respect of registration, form an incorpo- rated company, with or without limited liability.
7. The liability of the members of a company formed under this Ordinance may, according to the memorandum of association, be limited either to the amount, if any, unpaid on the shares respectively held by them, or to such amount as the members may respectively undertake by the memorandum of association to contribute to the assets of the company in the event of its being wound-up.
8. Where a company is formed on the principle of having the liability of its members limited to the amount unpaid on their shares, hereinafter referred to as a company limited by shares, the memorandum, of association shall contain the following things; (that is to say,)
(1.) The name of the proposed company, with the addition of
the word "Limited" as the last word in such name: (2.) The place within this Colony in which the registered office
of the company is proposed to be situate:
(3.) The objects for which the proposed company is to be
established:
(4.) A declaration that the liability of the members is limited: (5.) The amount of capital with which the company proposes to be registered. divided into shares of a certain fixed.
amount:
No comments yet.
Private notes are available after approval.