Part 2Company formation
General
8Memorandum of association
(1)
A memorandum of association is a memorandum stating that the subscribers—
(a)
wish to form a company under this Act, and
(b)
agree to become members of the company and, in the case of a company that is to have a share capital, to take at least one share each.
(2)
The memorandum must be in the prescribed form and must be authenticated by each subscriber.