Memorandum Of Association Security Guard Company Template for England and Wales

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Key Requirements PROMPT example:

Memorandum Of Association Security Guard Company

"I need a Memorandum of Association Security Guard Company document for establishing a new private security firm in Manchester specializing in retail security, with three founding shareholders and an initial share capital of £50,000, planned for incorporation in March 2025."

Document background
The Memorandum of Association Security Guard Company document is essential when establishing a new security services business in England and Wales. It serves as the company's constitutional document, defining its powers, objectives, and limitations. This document is required during the company registration process with Companies House and must align with both general corporate law requirements and specific security industry regulations. It forms part of the company's constitution alongside the Articles of Association and is particularly important for demonstrating compliance with SIA licensing requirements and operational standards.
Suggested Sections

1. Company Name: Statement of the company name and designation as private limited company

2. Registered Office: Statement that registered office will be situated in England and Wales

3. Objects Clause: Primary business activities and purposes of the security company, including SIA-regulated activities

4. Limited Liability: Statement of members' limited liability

5. Share Capital: Details of authorized share capital and initial shareholding structure

Optional Sections

1. Additional Business Activities: Supplementary services the company may provide beyond core security services

2. Geographic Scope: Specific regions of operation within England and Wales or broader territories

3. Regulatory Compliance: Specific commitments to comply with SIA and other regulatory requirements

Suggested Schedules

1. Initial Shareholders Schedule: Detailed list of founding shareholders and their respective shareholdings

2. SIA Compliance Statement: Declaration of commitment to comply with Security Industry Authority requirements

3. Share Classes Schedule: Detailed breakdown of different share classes and associated rights if multiple share classes are used

4. Prescribed Activities Schedule: Detailed list of security-related activities the company intends to undertake under SIA regulation

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries
Relevant Teams
Relevant Roles
Industries

Companies Act 2006: Primary legislation governing company formation, registration, and defining requirements for memorandum of association. Sets out company structure and formation requirements.

Private Security Industry Act 2001: Establishes the Security Industry Authority (SIA), sets licensing requirements for security companies, and defines regulated security activities.

Data Protection Act 2018 and UK GDPR: Governs handling of personal data of employees and clients, particularly relevant for security companies dealing with sensitive information.

SIA Regulations: Regulatory framework covering licensing requirements, training standards, and operational guidelines for security companies.

Health and Safety at Work Act 1974: Legislation covering workplace safety requirements and risk assessment obligations for security operations.

Employment Rights Act 1996: Defines employee rights and responsibilities, including working hours and conditions for security personnel.

Equality Act 2010: Covers non-discrimination provisions and equal opportunity requirements in employment and service delivery.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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