3.
| (1) The memorandum of every company shall state
| | (a) the name of the company, with " Limited " as the last word of the name in the case of a public limited company, and with " (Private) Limited" as the last words of the name in the case of a private limited company, where such companies are limited by shares, and with " (Guarantee) Limited " as the last words of the name in the case of a company limited by guarantee, and with " (People's) Limited " as the last words of the name in the case of a people's company ; | | |
| | (b) the district in which the registered office of the company is to be situate ; | | |
| | (c) the objects of the company | | |
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| (2) The memorandum of a company limited by shares or by guarantee shall also state that the liability of its members is limited. |
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| (3) The memorandum of a company limited by guarantee shall also state that each member undertakes to contribute to the assets of the company in the event of its being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debts and liabilities of the company contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for adjustment of the rights of the contributories among themselves, such amount as may be required, not exceeding a specified amount. |
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| (4) In the case of a company having a share capital
| | (a) the memorandum shall, unless the company is an unlimited company, state the amount of share capital with which the company proposes to be registered and the division thereof into shares of a fixed amount; | | |
| | (b) no subscriber of the memorandum shall take less than one share; | | |
| | (c) each subscriber shall write opposite to his name the number of shares he takes. | | |
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Sri Lanka Consolidated Acts