This section has no associated Explanatory Notes
1A memorandum of association for the Corporation which—
(a)complies with the requirements of sections 1 to 3 of the [1985 c. 6.] Companies Act 1985 for the memorandum of a public company limited by shares, and
(b)states, as the amount of share capital with which the Corporation proposes to be registered, an amount which equals or exceeds the aggregate nominal value of the shares mentioned in the order under section 1(3)(b) of this Act.