1174. (1) A CLG may be formed for any lawful purpose by any person or persons subscribing to a constitution and complying with the relevant provisions of—

(a) Chapter 2 of Part 2, as applied by this Part, and

(b) this Part,

in relation to registration of a CLG.

(2) Without prejudice to the means by which a CLG may be formed under the relevant provisions referred to in subsection (1), a company may be registered as a CLG by means of—

(a) the re-registration or registration as a CLG of a body corporate pursuant to Part 20 or 22,

(b) the merger of 2 or more companies pursuant to Chapter 3 of Part 9, or

(c) the division of a company pursuant to Chapter 4 of Part 9.

(3) The certificate of incorporation issued under section 25(1) shall state that the company is a company limited by guarantee.