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
(b) complying with the requirements of these Regulations as to registration (see sections 6 (registration documents) to 10 (statement of compliance)).
(2) A company may not be so formed for an unlawful purpose.