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Memorandum Of Company Limited By Shares
"I need a Memorandum Of Company Limited By Shares for a new Singapore tech startup with an initial share capital of SGD 100,000, divided into 100,000 ordinary shares, with plans to include pre-emptive rights for existing shareholders and tag-along rights for minority shareholders."
1. Company Name: States the approved name of the company as registered with ACRA
2. Registered Office: Specifies the registered address in Singapore where the company will maintain its principal place of business
3. Objects Clause: Details the business purposes and activities of the company, outlining its scope of operations
4. Limited Liability: Declaration that the liability of members is limited to the amount unpaid on their shares
5. Share Capital: Details of initial share capital structure, including total authorized capital and par value of shares
1. Restrictions on Share Transfer: Optional provisions limiting how shares can be transferred, typically used in private companies to maintain control
2. Pre-emption Rights: Optional clause giving existing shareholders first right to purchase new shares before they are offered to outside parties
3. Business Restrictions: Optional limitations on specific business activities or industries the company may engage in
1. Schedule 1: Initial Subscribers: List of founding shareholders with their names, identification numbers, addresses, and number of shares subscribed
2. Schedule 2: Share Classes: Detailed breakdown of different share classes, their rights, privileges, and restrictions if multiple share classes exist
3. Schedule 3: Initial Directors: Details of first appointed directors including their names, identification numbers, and residential addresses
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