Memorandum requirements specify name, registered office, objects, liability and share capital details for companies on incorporation. The memorandum must state the company name with the correct limited suffix, the State of the registered office, and the objects-divided for companies formed after the amendment into main objects (and incidental or ancillary objects) and other objects-while companies existing before the amendment must state their objects accordingly. It must also declare limited liability for companies limited by shares or guarantee; for guarantee companies, each member's capped contribution on winding up; and, where there is share capital, the total capital, division into fixed shares, minimum one share per subscriber, and the number of shares opposite each subscriber's name.
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Provisions expressly mentioned in the judgment/order text.
Memorandum requirements specify name, registered office, objects, liability and share capital details for companies on incorporation.
The memorandum must state the company name with the correct limited suffix, the State of the registered office, and the objects-divided for companies formed after the amendment into main objects (and incidental or ancillary objects) and other objects-while companies existing before the amendment must state their objects accordingly. It must also declare limited liability for companies limited by shares or guarantee; for guarantee companies, each member's capped contribution on winding up; and, where there is share capital, the total capital, division into fixed shares, minimum one share per subscriber, and the number of shares opposite each subscriber's name.
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