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memorandum of association


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An official document setting out the details of a company's existence. At present, a memorandum of association must be submitted to the Registrar of Companies when a new company is formed: it must be signed by the first subscribers and must contain the following information: the company name; the address of the registered office; the objects of the company; the amount of authorized share capital and its division; if applicable, a statement that the company is a public company; if applicable, a statement of limited liability; in the case of a company limited by guarantee, the amount of the guarantee.From late 2008, when the Companies Act 2006 is implemented, the memorandum will be replaced by a much shorter document stating simply that the members wish to form a company. See also articles of association.

the company name;

the address of the registered office;

the objects of the company;

the amount of authorized share capital and its division;

if applicable, a statement that the company is a public company;

if applicable, a statement of limited liability;

in the case of a company limited by guarantee, the amount of the guarantee.

Subjects: Law


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