Memo Assoc/Constitution/Statement of capital (Documentation)- FS Flashcards
(8 cards)
What are the three key documents that must be submitted to incorporate a company?
To incorporate a company, one must submit Form IN01, the Memorandum of Association, and the Articles of Association to Companies House, along with the appropriate fee.
What is the purpose of Form IN01 in the company incorporation process?
Form IN01 is the official form used to register a company with Companies House. It includes essential information such as company details, share structure, persons with significant control, and the statement of compliance
What is the function of the Memorandum of Association in the incorporation process?
The Memorandum of Association is a legal declaration signed by the initial shareholders or guarantors confirming their intention to form the company and become its first members.
How is the Memorandum of Association handled differently in online vs postal registration?
When registering a company online, the Memorandum of Association is automatically generated. For postal applications, a standard template may be used and submitted manually.
What are the Articles of Association, and what role do they play in a company’s structure?
The Articles of Association are written rules that govern how the company is run. They form a fundamental part of the company’s constitution and define roles, responsibilities, and internal procedures.
According to Section 17 of the Companies Act 2006, what constitutes a company’s constitution?
A company’s constitution consists of the Articles of Association and any shareholder resolutions and agreements to which Chapter 3 of Part 3 of the Act applies.
Besides the Memorandum and Articles, what additional documents may be considered part of the company’s constitution?
The company’s constitution can also include the Certificate of Incorporation, current Statement of Capital, and shareholder agreements, in addition to documents listed under Section 17.
What information is included in the Statement of Capital submitted with Form IN01?
The Statement of Capital outlines the types and number of shares, total nominal value, and the names and addresses of shareholders, along with prescribed particulars of share rights.
