Companies Act 1862

• s 6 'Any seven or more persons associated for any lawful purpose may, by subscribing their names to a memorandum of association, and otherwise complying with the requisitions of this Act in respect of registration, form an incorporated company, with or without limited liability.' • s 8 'Where a company is formed on the principle of having the liability of its members limited to the amount unpaid on their shares, hereinafter referred to as a company limited by shares, the Memorandum of Association shall contain the following things' the third of which was 'objects for which the proposed company is to be established.' • s 11 'The memorandum of association... shall, when registered, bind the company and the members thereof to the same extent as if each member had subscribed his name and affixed his seal thereto, and there were in the memorandum contained, on the part of himself, his heirs, executors and administrators, a covenant to observe all the conditions of such memorandum, subject to the provisions of this Act.' • s 12 stated the memorandum could be altered by special resolution if the memorandum allowed itselfthat. • s 18 dealt with the effect of incorporation. • s 48 • s 153 Under section 167 of the Companies Act 1862, one of the functions of a liquidator was to bring criminal proceedings against directors and others who were alleged to have committed offences in relation to the company. == Repeal ==