Incorporating a Tailor-Made Company
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3 August 2009
Incorporating a tailor-made company.
In order to register a company form IN01 must be lodged with the registrar.
Form IN01 states:
- The proposed company name;
- The type of company;
- Details of the registered office;
- Articles of association;
- Details of directors and secretary;
- Statement of capital and initial shareholding;
- Statement of guarantee (if company limited by guarantee);
- Statement of compliance;
On top of the IN01 the application must include the companies memorandum of
association setting out: that the subscribers have agreed to become members,
that it is to have a share capital and that they take at least one share each
(s8). The memorandum must be in the prescribed form and must be executed by each
If the company is to be a public company then in addition to the requirements
listed above the company must ensure that at least two directors are appointed
and a company secretary is also appointed. Also a public company must obtain a
trading certificate, under s761 of the CA 2006 the application to obtain a
trading certificate must state: that the nominal value of the share capital is
not less than £50,000, the estimated amount of preliminary expenses, the amount
of any benefit given to any promoter of the company and a statement that the
company meets the requirements for the issue of a trading certificate.
The IN01, memorandum of association and articles of association (if model
articles not used in their entirety) must be sent to the Registrar along with
the relevant fee. On receipt of these documents the Registrar will issue the
company with a certificate of incorporation.
Ben Evans is a trainee solicitor at Lawdit.
About the Author
Lawdit Solicitors offer services and
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agreements. We are experts in commercial law with a heavy emphasis on
Intellectual Property, Internet and e-commerce law. Lawdit is a member of the
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Article Published/Sorted/Amended on Scopulus 2009-08-13 00:33:47 in Legal Articles