ABSTRACT
The formation of a company is a straightforward administrative process, involving the delivery to the companies’ registrar of the company’s memorandum and articles and an accompanying statement, in the prescribed form of the name and residential address of the person or persons who are to become the first directors and the first secretary of the company.1 In addition, those persons named as the first directors will have to state their nationality, date of birth, business occupation and other current directorships held by them.2 This statement has to be signed by or on behalf of the subscribers of the memorandum, who are the persons who have agreed to take a certain number of shares to become the first members of the company, and has to contain a consent signed by each of the persons named as director or secretary.3 There is also a fee of £20 for registration.4
