Companies Act · 2021 Revised Edition · Part · Incorporation of Companies and Matters Incidental Thereto
5A. Capacity and powers of company
Official textFrom Attorney General's Chambers, unchanged
Subject to the provisions of this Act and any other written law and its memorandum or articles, a company has -
memorandum
"memorandum" means the memorandum of association of a company, as originally framed or as altered in pursuance of any written law;
full capacity to carry on or undertake any business or activity, do any act or enter into any transaction; and
for the purposes of paragraph (a), full rights, powers and privileges.
A company may have the objects of the company included in its memorandum.
The memorandum or articles of a company may contain a provision restricting its capacity, rights, powers or privileges.
articles
"articles" means the articles of association of a company, as originally framed or as altered by special resolution, including, so far as they apply to the company, the regulations contained in Table A in Schedule 1;
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Companies
Terms defined in s 2
articles
Defined · s 2"articles" means the articles of association of a company, as originally framed or as altered by special resolution, including, so far as they apply to the company, the regulations contained in Table A in Schedule 1;
memorandum
Defined · s 2"memorandum" means the memorandum of association of a company, as originally framed or as altered in pursuance of any written law;
Part
Share Capital and Debentures Prospectus
Part 3
Part
Management and Administration Registered Office and Name
Part 5
Part 6
Part 7
Part 8
Part 9
Part
Restrictions on Sale of Shares and Offers of Shares for Sale
Part
Prohibition of Partnerships with More Than Twenty Members
Part