Right to incorporate company or transfer registration of foreign company

(1) One or more persons, or an organ of state, may incorporate a profit company, and an organ of state, a juristic person, or three or more persons acting in concert, may incorporate a non-profit company, by-

(a) completing, and each signing in person or by proxy, a Memorandum of

Incorporation-

(i) in the prescribed form; or

(ii) in a form unique to the company; and

(b) filing a Notice of Incorporation, in accordance with subsection (2).

(2) The Notice of Incorporation of a company must be-

(a) filed in the prescribed manner and form, together with the prescribed fee;

and

(b) accompanied by a copy of the Memorandum of Incorporation, subject to any declaration contemplated in section 6(14)(b).