In England Wales, a private company can be registered either: limited by shares; or limited by guarantee. Most private companies are limited by shares. The standard memorandum and articles for a private company limited by shares is linked on the right. A company limited by guarantee is an alternative used primarily for non-profit organisations. Such an organisation does not usually have a share capital but instead has members who act as guarantors instead of shareholders. The guarantors provide an undertaking to contribute a nominal amount (typically very small) towards the winding up of the company in the event of a shortfall upon cessation of business. It is a company formed whereby its members liabilities are limited to the amount to which each member contributes to the assets of the company upon its winding up. The memorandum and articles of association of a limited company are together its "constitution". The directors cannot act outside of the power set there, so it is very important that it reflects what the shareholders(whether directors or not) want from the company. This document has been written in plain terms and is accompanied by explanatory notes to remind you of issues which might otherwise be over looked. With Net Lawman memorandum and articles it really is simple. Just check the main terms to which the notes direct you, then fill in names and addresses and submit to Companies House. You will also have to complete one other form. Here is the full list of what to send:
The memorandum and articles (from Net Lawman)
Form IN01 from http://www.companieshouse.gov.uk/forms/formsOnline.shtml
A cheque for the fee (£20 applicable from 1st October 2009)
Note, all Net Lawman company documents have been edited in accordance with the Companies Act 2006. |
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Comprehensive coverage of any type of business you could possibly require
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Drawn so as to satisfy your bank
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Suitable for anyone wishing to set up a new limited company with modern provisions; or
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Suitable for anyone wanting to change their memo and articles wholesale rather than try to amend outdated language
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Not suitable for a company limited by shares
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