1912_COMPANIES_ORDINANCE__1911 — Page 3

COMPANIES.

4. In the case of a company limited by shares- (1) The memorandum must state-

(i) the name of the company, with its name;

<<

Limited

No. 58 of 1911.

2077

Memoran. dum of

company limited by

8 Edw. 7

as the last word in shares.

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

(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 pro- poses 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 case of a company limited by guarantee-

(1) The memorandum must state-

(i) the name of the company, with

in its name;

Limited as the last word

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

(iii) 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 contributories among themselves, such amount as may be required, not exceeding a specified amount.

(2) If the company has a share capital-

(i) 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;

(ii) no subscriber of the memorandum may take less than one share ;

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

c. 69 s. 3.

Memoran- dum of

company limited by guarantee. ib. s. 4.

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