The “Memorandum of Association” defines the essential components of the structure of the company. Its essential contents are:-
- The name of the company (which must end with the words “Sendirian Berhad” if it is a private company, or just “Berhad” if it is a public company);
- The situation of the company’s registered office;
- The objects of the company, i.e the nature of business intended to be carried out;
- That the liability of the members is limited
- The nominal amount of the authorized share capital with which it is proposed to register the company and the division of such capital into shares of a fixed amount; and
- The association clauses
The “Memorandum of Association” must be signed by at least two subscribers; duly dated. The signature of each subscriber must be witnessed by a third person. Each of the subscribers must undertake to subscribe for one or more shares of the company.
