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Memorandum Of Incorporation
"I need a Memorandum of Incorporation for a new Singapore fintech startup with three founding shareholders, including specific provisions for future funding rounds and a dual-class share structure."
1. Name Clause: States the registered name of the company
2. Registered Office: Specifies the registered address of the company in Singapore
3. Objects Clause: Details the business purposes and activities of the company
4. Liability Clause: States that members' liability is limited by shares
5. Share Capital: Details the company's share capital structure and share classes
6. Directors: Provisions regarding appointment, removal, and powers of directors
1. Pre-emptive Rights: Rights of existing shareholders to purchase new shares, used when shareholders want additional protection
2. Share Transfer Restrictions: Specific restrictions on transfer of shares, used for private companies
3. Alternate Directors: Provisions for appointment of alternate directors, used in larger companies
1. Schedule 1: Share Capital Structure: Detailed breakdown of share classes and rights
2. Schedule 2: Initial Subscribers: List of initial shareholders and their shareholdings
3. Schedule 3: Board Regulations: Detailed procedures for board meetings and decision-making
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