Part I Formation and Registration of Companies; Juridical Status and Membership
Chapter I Company Formation
Registration and its consequences
11 Minimum authorised capital (public companies).
When a memorandum delivered to the registrar of companies under section 10 states that the association to be registered is to be a public company, the amount of the share capital stated in the memorandum to be that with which the company proposes to be registered must not be less than the authorised minimum (defined in section 118).