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of <h1>Company incorporation and corporate powers from incorporation date, including property, contracts, and suing powers; common seal requirement removed.</h1> From the date of incorporation stated in the certificate of incorporation, the subscribers to the memorandum and all persons who subsequently become members constitute a body corporate in the name stated in the memorandum. The company is thereby conferred statutory capacity to exercise all functions of an incorporated company under the Companies Act, 2013, with perpetual succession, and with power in its corporate name to acquire, hold and dispose of movable and immovable, tangible and intangible property, to contract, and to sue and be sued; the previously referenced requirement relating to a common seal has been omitted.
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