Effect of registration: company becomes a body corporate with perpetual succession and capacity to hold property and contract. From the date of incorporation stated in the certificate, the company's subscribers and subsequent members become a body corporate with perpetual succession and a common seal, and acquire the capacity to hold and dispose of movable and immovable property, to contract and to sue and be sued in the company's name, exercising all functions of an incorporated company under the Act.
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Provisions expressly mentioned in the judgment/order text.
Effect of registration: company becomes a body corporate with perpetual succession and capacity to hold property and contract.
From the date of incorporation stated in the certificate, the company's subscribers and subsequent members become a body corporate with perpetual succession and a common seal, and acquire the capacity to hold and dispose of movable and immovable property, to contract and to sue and be sued in the company's name, exercising all functions of an incorporated company under the Act.
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