5. Method Of Forming Company
(1) A company is formed under these Regulations by one or more persons–
(a) confirming to the Registrar in an application for registration of the company that they–
(i) wish to form a company under these Regulations, and
(ii) agree to become members of the company and, in the case of a company that is to have a share capital, to take at least one share each, and
(2) A company may not be so formed for an unlawful purpose.