15 Memorandum of company with shares

In the case of a company limited by shares or otherwise authorised to issue
shares, the memorandum shall state —

(a) if it is a par value company, the authorised capital with which the company
is to be registered and the number of shares of a fixed nominal value in
each class comprising the authorised capital;

(b) if it is a no par value company, the authorised capital with which the
company is to be registered and the limit (if any) on the number of shares
of each class which the company is to be authorised to issue;

(c) that the liability of a member arising from the member‘s holding of any
share is limited to the amount (if any) unpaid on it; and


(d) the classes of shares that the company is authorised to issue and,
if the company is authorised to issue two or more classes of
shares, the rights, privileges, restrictions and conditions attaching
to each class of shares.