Statutory form, Business Law and Ethics

Statutory Form:

                   Section 14 of the Act provides that the form of the  Memorandum of Association of a company limited by shares shall be in accordance with the form set out in Table B, or as near there to as circumstances admit. Table B is  reproduced on the next page.

The Name Clause

 The promoters of a proposed company have freedom to choose its name but the freedom is limited by s.19(2) of the Act which provides that a proposed name must not so in the opinion of the registrar, be undesirable. The registrar of companies has not issued a circular explaining the criteria he is likely to use when deciding, in a particular case, whether a proposed name is undesirable under the section.

Posted Date: 1/12/2013 2:19:26 AM | Location : United States

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