PART IIFORMATION AND REGISTRATION OF COMPANIES; JURIDICAL STATUS AND MEMBERSHIP

CHAPTER ICOMPANY FORMATION

Articles of association

Regulation of companies by articles of association18

1

There may in the case of a company limited by shares, and there shall in the case of a company limited by guarantee or unlimited, be registered with the memorandum articles of association signed by the subscribers to the memorandum and making regulations for the company.

2

In the case of an unlimited company having a share capital, its articles must state the amount of share capital with which the company proposes to be registered.

3

Articles of association must—

a

be printed,

b

be divided into paragraphs numbered consecutively, and

c

F2subject to paragraph (4), be signed by each subscriber of the memorandum in the presence of at least one witness who must attest the signature.

F24

Where the articles are delivered to the registrar otherwise than in legible form and are authenticated by each subscriber to the memorandum in such manner as is directed by the registrar, the requirements in paragraph (3)(c) for signature in the presence of at least one witness and for attestation of the signature do not apply.