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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.
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