Formalities in Limited Company Registration

Not for no reason has the United Kingdom become the nucleus of business activities, with more that 2.6 million companies operating in the region as of October 2009. The country’s stable political and economic status, along with the convenient administrative procedures, makes the UK an ideal place to start a company. All company formations are looked into by the Companies House. For a limited company registration, entrepreneurs have to provide the requisite information and documents to the Companies House.

Limited Company Registration: Memorandum of Association
Every limited company registration requires the submission of the Memorandum of Association, along with the registration forms. The Memorandum is a crucial requirement, failing to submit which in the right format can lead to the company registration being declined. Some essentials that must be stated in the Memorandum are:

‘Limited’ - The Company’s name with ‘limited’ or ‘Ltd’ as the last word. This last word cannot be dispensed with unless specific exemption has been obtained. Such a dispensation can only be obtained on grounds that:

• The company is being formed for the objects specified
• The liability of the members or shareholders is unlimited

Before registering a company, a name check must be carried out to make sure that the proposed company name is suitable, not offensive and not similar to any existing name.

Location of the company - The memorandum has to state the location of the registered company office (whether it is in England, Wales or Scotland.) The official documents, such as the Companies House communications, notices, summons and writs, arrive in the registered office of the company.

Company objectives - The company objectives must be stated with clarity in the Memorandum. This section comprises:

• A main objects clause
• A number of clauses governing the company activities

The objects clause should include all the possible activities that a company may engage in to achieve its objectives.

Subscription of initial members – This document must contain a clause dealing with the subscription of the initial company members. This clause must state:

• The name of each member
• Their addresses
• Other details

Private limited company registration requires the presence of two members and a statement of the number of shares of each subscriber. Also, each subscriber has to sign the document under their allocated shares. The signatures of subscribers must be witnessed by a third party.

You can easily fulfill all formalities involved in a limited company registration with the aid of a professional company formation agency. To consult the experts in the industry, visit www.companyformations247.co.uk.