Those wishing to form a company have to submit certain documents to the Registrar of Companies together

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Those wishing to form a company have to submit certain documents to the Registrar of Companies together with the relevant fee. The documents are:

(a) The Memorandum of Association which gives the company's name, the address of its registered office, the objects of the company, the maximum amount of capital the company is allowed toi issue, and states that the liability of its members is limited. This document must be signed by at least two people who promise to pay for the shares they have agreed to take and state that they wish to be formed into a company.

(b) The Articles of Association which give details of the intended internal constitution of the company. This can cover a wide range of issues such as the rights of shareholders, the conduct of meetings, the borrowing powers of directors and so on. The help of a solicitor can be very useful in dealing with these points. If you have no particular requirement you can use a model set of Articles produced in Companies Act 1985.

(c) A statement regarding the company's share capital.

(d) Details of the directors and secretary of the company.

(e) A declaration that the Companies Acts have been complied with. LO.1

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Mastering Accounting

ISBN: 9780333511978

1st Edition

Authors: George Bright, Michael Herbert

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