How does UKcorporator handle the drafting of the objects clause/s in the memorandum of association?
UK law requires companies to have a memorandum of association containing an objects clause or clauses – section 2(1)(c) of the Companies Act 1985. The objects clause/s delimit the purposes for which the company is formed and also its legal capacity. Over time, this requirement has led to the practice of drafting wordy objects clauses designed to be very broad in scope so as to avoid the problems associated with a company’s acting beyond its legal capacity (i.e. acting ultra vires).
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