The Memorandum of Association of Oil and Gas Company is a crucial incorporation document required when establishing an oil and gas enterprise in England and Wales. It serves as the foundation document that defines the company's relationship with external stakeholders and sets out its primary objectives in the oil and gas sector. This document is mandatory under the Companies Act 2006 and must address specific requirements of the petroleum industry regulatory framework. It includes essential information about the company's structure, share capital, and scope of operations, while ensuring compliance with both corporate and industry-specific legislation.
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1. Company Name: Statement of the company's registered name
2. Registered Office: Statement of the company's registered office location in England and Wales
3. Objects Clause: Primary business objectives including oil and gas exploration, production, and related activities
4. Limited Liability: Statement of members' limited liability
5. Share Capital: Details of authorized share capital and share classes
1. Additional Business Activities: Supplementary business objectives beyond core oil and gas operations - used when company plans to diversify into related sectors
2. International Operations: Provisions for overseas business activities - used when company plans to operate internationally
3. Environmental Commitments: Additional environmental protection commitments - used when company wishes to emphasize environmental credentials
1. Initial Shareholders: List of founding shareholders and their shareholdings
2. Share Classes: Detailed description of different share classes and associated rights
3. Corporate Structure: Organization chart showing company structure and subsidiaries
4. Operational Territories: List of geographical areas where company intends to operate
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