Companies Act · s 5A

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s 5ACapacity and powers of company

(1)

Subject to the provisions of this Act and any other written law and its memorandum or articles, a company has -

(a)

full capacity to carry on or undertake any business or activity, do any act or enter into any transaction; and

(b)

for the purposes of paragraph (a), full rights, powers and privileges.

(2)

A company may have the objects of the company included in its memorandum.

(3)

The memorandum or articles of a company may contain a provision restricting its capacity, rights, powers or privileges.

Companies