Part I Formation and Registration of Companies; Juridical Status and Membership

Chapter I Company Formation

Memorandum of association

3AF1 Statement of company’s objects: general commercial company.

Where the company’s memorandum states that the object of the company is to carry on business as a general commercial company—

a

the object of the company is to carry on any trade or business whatsoever, and

b

the company has power to do all such things as are incidental or conducive to the carrying on of any trade or business by it.