[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 1

1.(1) Any seven or more persons, or, where the company to be formed will be a
private company, any two or more persons, associated for any lawful purpose
may, by subscribing their names to a memorandum of association and otherwise
complying with the requirements of this Act in respect of registration, form
an incorporated company, with or without limited liability.

(2) Such a company may be

(a)a company having the liability of its members limited by the memorandum to
the amount, if any, unpaid on the shares respectively held by them (in
this Act referred to as "a company limited by shares"); or

(b)a company having the liability of its members limited by the memorandum to
such amount as the members may respectively thereby undertake to contribute to
the assets of the company in the event of its being wound up (in this Act
referred to as "a company limited by guarantee"); or

(c)a company not having any limit on the liability of its members (in this Act
referred to as "an unlimited company").

© 1960 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/cai1960267/s1.html