The Memorandum Of Association Of Automobile Company is a crucial incorporation document required when establishing an automotive business in England and Wales. It serves as the foundation document that defines the company's relationship with the outside world and sets out its basic parameters. This document is mandatory under the Companies Act 2006 and must be filed with Companies House during incorporation. It includes essential information about the company's structure, objectives, and initial share capital, particularly tailored for businesses operating in the automotive sector. The memorandum becomes a matter of public record and is often referenced by stakeholders, investors, and regulatory bodies.
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1. Company Name: Statement of the company's registered name including registration details
2. Registered Office: Declaration of the company's registered office location in England and Wales
3. Objects Clause: Statement of the company's primary business activities and purposes in the automotive sector
4. Limited Liability: Declaration of members' limited liability and extent of member contributions
5. Share Capital: Details of authorized share capital and initial shareholding structure
1. Additional Business Activities: Detailed list of secondary business activities, used when company plans diverse operations beyond core automotive business
2. Foreign Operations: Provisions for international business activities, used when planning overseas manufacturing or sales operations
3. Special Rights: Special rights attached to different share classes, used when multiple share classes are planned
1. Initial Shareholders: List of first shareholders and their shareholdings with complete details
2. Share Classes: Detailed description of different share classes and associated rights if multiple classes exist
3. Directors' Details: Information about initial directors and their particulars including addresses and nationalities
4. Subsidiary Companies: List of subsidiary companies and their relationship to the main company, if any exist
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