(1) On the registration of a company, the registrar of companies shall give a certificate that the company is incorporated.
(2) The certificate must state—
(a) the name and registered number of the company,
(b) the date of its incorporation,
(c) whether it is a limited or unlimited company, and if it is limited whether it is limited by shares or limited by guarantee,
(d) whether it is a private or a public company, and
(e) whether the company's registered office is situated in England and Wales (or in Wales), in Scotland or in Northern Ireland.
(3) The certificate must be signed by the
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This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
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