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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.