[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here:  BAILII >> Databases >> Northern Irish Legislation >> COMPANIES ACT (NORTHERN IRELAND) 1960

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 2

Requirements with respect to memorandum.

2.(1) The memorandum of every company must state

(a)the name of the company, with "limited" as the last word of the name in the
case of a company limited by shares or by guarantee;

(b)that the registered office of the company will be situate in Northern
Ireland;

(c)the objects of the company.

(2) The memorandum of a company limited by shares or by guarantee must also
state that the liability of its members is limited.

(3) The memorandum of a company limited by guarantee must also state that each
member undertakes to contribute to the assets of the company in the event of
its being wound up while he is a member, or within one year after he ceases to
be a member, for payment of the debts and liabilities of the company
contracted before he ceases to be a member, and of the costs, charges and
expenses of winding up, and for adjustment of the rights of the contributories
among themselves, such amount as may be required not exceeding a specified
amount.

(4) In the case of a company having a share capital

(a)the memorandum must also, unless the company is an unlimited company state
the amount of share capital with which the company proposes to be registered
and the division thereof into shares of a fixed amount;

(b)no subscriber of the memorandum may take less than one share;

(c)each subscriber must write opposite to his name the number of shares he
takes.

© 1960 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/cai1960267/s2.html