For post-2009 company formation, what is true regarding the memorandum for registration?

For post-2009 company formation, what is true regarding the memorandum for registration?

• A. It is no longer required for registration.
• B. It is still required for registration even after 2009.
• C. It must be included in the Articles.
• D. It defines the company's share classes.

Answer: (B)

The main point here is that the memorandum of association is still needed to form a company, even after 2009. It serves as the record of the initial subscribers who agree to form the company and to take a specified number of shares. This document is separate from the Articles of Association, which set out the internal rules of the company and can cover aspects like share classes. The memorandum typically lists each subscriber and the shares they subscribe for, while the objects clause was removed earlier, so the memorandum no longer dictates the company’s purposes. So, the correct view is that the memorandum remains a requirement for registration post-2009.

The main point here is that the memorandum of association is still needed to form a company, even after 2009. It serves as the record of the initial subscribers who agree to form the company and to take a specified number of shares. This document is separate from the Articles of Association, which set out the internal rules of the company and can cover aspects like share classes. The memorandum typically lists each subscriber and the shares they subscribe for, while the objects clause was removed earlier, so the memorandum no longer dictates the company’s purposes. So, the correct view is that the memorandum remains a requirement for registration post-2009.