Memorandum requirements govern company name, registered office, objects, member liability and name reservation consequences. The memorandum must specify the company name with the required ending, registered office State, objects, and members' liability; where there is share capital, it must state authorised capital, division of shares and subscribers' allotments, and One Person Companies must nominate a successor member. Names must not be identical, deceptively similar, unlawful, or imply government patronage without approval. The Registrar may reserve names on application, cancel reservations and impose penalties for false information, and may direct name changes, striking off or winding-up action if incorporation follows misuse.
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Memorandum requirements govern company name, registered office, objects, member liability and name reservation consequences.
The memorandum must specify the company name with the required ending, registered office State, objects, and members' liability; where there is share capital, it must state authorised capital, division of shares and subscribers' allotments, and One Person Companies must nominate a successor member. Names must not be identical, deceptively similar, unlawful, or imply government patronage without approval. The Registrar may reserve names on application, cancel reservations and impose penalties for false information, and may direct name changes, striking off or winding-up action if incorporation follows misuse.
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