340

Ch. 31. No. 1.] Compante,

PART I.

INCORPORATION OF COMPANIES AND MATTERS PXNCIDENTAL
THERETO,

Memorandiunt of assoctatton,

3. (1) Any seven or more persons, or, where the company
to be formed will be a private company, any two or more
persons, associated for any luwful purpose may, by sub-
seribing their names to a memorandum of association and
otherwise complying with the requirements of this Ordinance
In respect of registration, form an incorporated company,
with or without limited lability

(2) Such a company muy be either

(a) a company having the lability of its members
limited by the memorandum to the amount, if any,
unpaid on the shares respectively held by them (in
this Ordinance termed — a company limited by shares’)
or

(6) a company having the liability of its members
hmuted by the Memorandum to such amount as the
members may respectively thereby undertake to con-
tribute to the assets of the company in the event of its
being wound up (in this Ordinance termed a company
linnted by guarantee") | or

(ce) a company not having any linit on the Hability
ofits members (in this Ordinance termed an unlimited
company ""),

4. (1) The memorandum of every company must state
(a) the name of the company, with ‘ Limited — as
the last word of the name in the case of a company
lunited by shares or by guarantee ;
(}) whether the registered office ef the company is
to be situate in Trinidad or in Tobago;
(c) the objects of the company.
(2) The memorandum of a company limited by shares
or by guarantee must also state that the liability of its
members is limited.