THE REGISTRATION OF COMPANIES 7
[f the memorandum is accompanied by articles (which
is obligatory except in the case of a company limited
by shares), the articles must be printed and stamped
as if they were contained in a deed, and signed by
the subscribers to the memorandum, and be expressed
in separate paragraphs numbered consecutively, and
the signature of each subscriber must be in the pres-
ence of, and attested by, at least one witness (s. 9).
If there are no articles accompanying the memorandum
the new Table A, which is the model set of articles
scheduled to the Companies Act, 1929, will constitute
the articles of the company (ss. 6, 8). In the case of a
private company, the articles must contain provisions
(a) restricting the right to transfer its shares; (b)
limiting the number of its members (exclusive of
employees and ex-employees) to 50; (c) prohibiting
any public issue of shares or debentures (s. 26) :
‘debentures’ includes debenture stock, bonds and any
sther securities of a company whether constituting a
charge on the assets of the company or not.

5. The memorandum and the articles (if any) must be
delivered to the Registrar (s. 12).
6. A statutory declaration, by a solicitor engaged in the
formation of the company, or by a person named
in the articles as a director or secretary of the
company, of compliance with all or any of the
requirements of the Act, in respect of registration and
of matters precedent and incidental thereto, must be
sroduced to the Registrar [s. 15 (2)].

7.

Except in the case of a private company, every person
appointed a director by the articles, or named in the
prospectus or statement in lieu of prospectus as a
director or proposed director of a company, or in the
case of an intended company as a proposed director must
by himself or his agent, authorised in writing, sign
and deliver to the Registrar for registration, a consent
to act: and unless he has already signed the memor-
andum for a number of shares not less than the qualifica-
tion (if any), sign and deliver to the Registrar for
registration an undertaking in writing to take from the
company and pay for his qualification shares (if any);
and a list of the persons who have consented to be
directors of the company must be delivered to the
Registrar by the applicant for registration (s. 140).