Association, Memorandum Of

Association, Memorandum of. A statement in writing to be stamped as if it were a deed, bearing the attested signatures of not less than seven persons or, if it is a private company, of not less than two persons, each taking at least one share in the company which is the subject of the memorandum, Companies Act, 1929, ss. 1 and 2.The memorandum defines the nature and objects of the company. It constitutes the charter of the company and is incapable of alteration, Ashbury Railway & Co. v. Riche, (1875) LR 7 HL 653, except under the special provisions of the Act of 1929 (see s. 4). In particular the objects may not be altered unless the alteration has been confirmed by the Court (s. 5), and see ss. 19, 49, 50, 53, 55, 147 and 153, and ASSOCIATION, Articles OF. Consult Palmer's Company Law or Hemmant's Company Law.