S.L. 386.32 Art. 7Memorandum and articles of association.

The memorandum of association of every youth enterprise shall state:

(a) the name of the youth enterprise;

(b) the registered office address of the youth enterprise in Malta and the electronic mail address of the youth enterprise;

(c) the objects of the youth enterprise: Provided that the object of the youth enterprise shall not be that of a holding entity;

(d) the amount of authorised share capital, the division thereof into shares of a fixed amount and the number of fully paid-up shares taken up by each of the members;

(e) the name of each of the members; and

(f) the name, identification document number and service address of the appointed mentor:

Provided that the memorandum and articles of association of every youth enterprise shall be in accordance with Annex I and any additional provisions contained in the articles of association shall not be inconsistent with these regulations.