Section I
Company formed by Memorandum of Association and registration.
The Joint-stock Companies Act, 1857
About this Act
An Act to make better provision for the order and good government of the Suburbs of Calcutta and of the station of Howrah.
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
themselves into an incorporated Company, with or without limited liability.
Banking or Insurance Company not to be formed with limited liability.--Provided that nothing in this Act shall authorise any persons to form themselves into a Joint-Stock Company or Association, with limited liability, for the purpose of Banking or Insurance.
Banking or Insurance Company not to be formed with limited liability.--Provided that nothing in this Act shall authorise any persons to form themselves into a Joint-Stock Company or Association, with limited liability, for the purpose of Banking or Insurance.