Section 8 | Memorandum of association

(1)A memorandum of association is a memorandum stating that the subscribers—

(a)wish to form a company under this Act, and

(b)agree to become members of the company and, in the case of a company that is to have a share capital, to take at least one share each.

(2)The memorandum must be in the prescribed form and must be authenticated by each subscriber.