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PART IConstitution and Incorporation.

Memorandum of Association.

3Memorandum of company limited by shares.

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 ;

(ii)The part of the United Kingdom, whether England, Scotland, or Ireland, in 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 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.