| Commentary

47 The memorandum of association

| Commentary

47 The memorandum of association

Under the Companies Act 2006, a memorandum of association is a memorandum stating that the subscribers wish to form a company under the Companies Act 2006 and agree to become members of the company. In the case of a company with a share capital, the subscribers also agree to take at least one share each1. The memorandum must be in the prescribed form and must be authenticated by each subscriber2. Consequently, the memorandum of association under the Companies Act 2006 is essentially a snapshot of part of the company’s constitution at the date of registration

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