COMPANIES ACT 1963 - SECT 6 Requirements in relation to memorandum.

6.—(1) The memorandum of every company must state—

( a ) the name of the company, with "limited" or "teoranta" as the last word of the name in the case of a company limited by shares or by guarantee;

( b ) the objects of the company.

(2) The memorandum of a company limited by shares or by guarantee must also state that the liability of its members is limited.

(3) The memorandum of a company limited by guarantee must also state that each member undertakes to contribute to the assets of the company in the event of its being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debts and liabilities of the company contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for adjustment of the rights of the contributories among themselves, such amount as may be required, not exceeding a specified amount.

(4) In the case of a company having a share capital—

( a ) the memorandum must also, unless the company is an unlimited company, state the amount of share capital with which the company proposes to be registered, and the division thereof into shares of a fixed amount;

( b ) no subscriber of the memorandum may take less than one share;

( c ) each subscriber must write opposite to his name the number of shares he takes.

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