This document is a Memorandum of Association of a Company limited by shares. This is a required document under provisions of the Company Laws for forming a company limited by shares.
The document requires the provision of basic information about the Company including the Company’s name, address, share capital and book value per share in the appropriate currency. The document also states that the power to increase or reduce the said capital and to issue any part of its capital by the Company is allowed, subject to the provisions of the Company Laws. A declaratory paragraph is included in the document stating the willingness of the members / shareholders in forming the Company, hence, agreeing to all terms listed in the Memorandum of Association.
The Document shall be carefully read by the Members / Shareholders of the Company.
The details of starting the company shall be correctly filled, including the information about the shareholders, the amount of capital with the right currency, the shares each shareholder is accounted for, etc.
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