Requirements with respect to memorandum

 4.(1)  The memorandum of every company must state ‑

(a)                 the name of the company, with “limited” as the last word of the name;

(b)                 the objects of the company.

(2)                 The memorandum of a company whether limited by shares or by guarantee must 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 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;

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