Companies Act 1967 · s 23

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—(1) Subject to the provisions of this Act and any other written law and its constitution, 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.(1A) A company may have the objects of the company included in its constitution.(1B) The constitution of a company may contain a provision restricting its capacity, rights, powers or privileges.(2) [Deleted by Act 17 of 2023 wef 01/07/2023](3) [Deleted by Act 17 of 2023 wef 01/07/2023](4) [Deleted by Act 17 of 2023 wef 01/07/2023](5) [Deleted by Act 17 of 2023 wef 01/07/2023]
Subject to the provisions of this Act and any other written law and its constitution, 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.
A company may have the objects of the company included in its constitution.
The constitution of a company may contain a provision restricting its capacity, rights, powers or privileges.
[Deleted by Act 17 of 2023 wef 01/07/2023]
[Deleted by Act 17 of 2023 wef 01/07/2023]
[Deleted by Act 17 of 2023 wef 01/07/2023]
[Deleted by Act 17 of 2023 wef 01/07/2023]

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s 23Capacity and powers of company

(1)

Subject to the provisions of this Act and any other written law and its constitution, 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.

(1A)

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

(1B)

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

(2)

[Deleted by Act 17 of 2023 wef 01/07/2023]

(3)

[Deleted by Act 17 of 2023 wef 01/07/2023]

(4)

[Deleted by Act 17 of 2023 wef 01/07/2023]

(5)

[Deleted by Act 17 of 2023 wef 01/07/2023]