释义 |
memorandum of association A document that must be submitted to the Registrar of Companies by the person(s) wishing to set up a new company. Formerly, under the Companies Act 1985, certain compulsory clauses had to be inserted into the memorandum dealing with the company’s identity (names clause); its registered address (registered office clause); the amount of its authorized capital (capital clause); and the purpose(s) for which the company was formed (objects clause). Under the Companies Act 2006 the memorandum is a short document stating simply that the subscribers wish to form a company under the Act and to become members of the company. |