C1Part 2Company formation

Annotations:
Modifications etc. (not altering text)

General

7Method of forming company

1

A company is formed under this Act by one or more persons—

a

subscribing their names to a memorandum of association (see section 8), and

b

complying with the requirements of this Act as to registration (see sections 9 to 13).

2

A company may not be so formed for an unlawful purpose.

I18Memorandum of association

1

A memorandum of association is a memorandum stating that the subscribers—

a

wish to form a company under this Act, and

b

agree to become members of the company and, in the case of a company that is to have a share capital, to take at least one share each.

2

The memorandum must be in the prescribed form and must be authenticated by each subscriber.