Article 255 — Contents of Memorandum of Association

The formation of a share company shall be by a memorandum of association. The memorandum of association shall contain the following particulars: 1/ the name of the company; 2/ the head office, and the branches, if any; 3/ the names, nationality, and address of the shareholders, the number of shares they subscribed and the paid-up sums; 4/ the business purpose and sector in which the company is to engage; 5/ the subscribed capital and the amount paid-up; 6/ the number, par value, form and classes of shares; 7/ the name of shareholder who made contributions in kind, the price at which they are accepted ,the method of valuation, their use, and the number of shares allocated in consideration of the contribution; 8/ the manner of distributing profits; 9/ the amount of special benefit allocated to the promoters and the manner in which that is to be effected; 10/ the number of directors and managers of the company and their powers; 11/ the number of members of the supervising board, if the company has any, and their powers; 12/ the Auditor of the company; 13/ the period of time for which the company is to be established; 14/ the time and manner in which the company will publish its performance report; 15/ the management of the company; matters concerning the relations between the company and its shareholders, and amongst the shareholders; and 16/ Other matters required to be included by the law or the agreement of shareholders.