Section 10(4)

It must state, with respect to each subscriber to the memorandum— the number, nominal value (of each share) and class of shares to be taken by him on formation, and the amount to be paid up and the amount (if any) to be unpaid on each share (whether on account of the nominal value of the share or by way of premium).

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Source: legislation.gov.uk · retrieved 2026-09-04