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

Chapter I Company Formation

Articles of association

7 Articles prescribing regulations for companies.

1

There may in the case of a company limited by shares, and there shall in the case of a company limited by guarantee or unlimited, be registered with the memorandum articles of association signed by the subscribers to the memorandum and prescribing regulations for the company.

2

In the case of an unlimited company having a share capital, the articles must state the amount of share capital with which the company proposes to be registered.

3

Articles must—

a

be printed,

b

be divided into paragraphs numbered consecutively, and

c

be signed by each subscriber of the memorandum in the presence of at least one witness who must attest the signature (which attestation is sufficient in Scotland as well as in England and Wales).