38. Capacity of private company limited by shares

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Companies Act 2014 (No. 38)
Part 2 Incorporation and Registration (ss. 15-63)
Chapter 3 Corporate capacity and authority (ss. 38-41)
38. Capacity of private company limited by shares

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Version status: In force | Document consolidation status: Updated to reflect all known changes

Version date: 1 June 2015 - onwards

Version 2 of 2

(1) Subject to subsection (2), notwithstanding anything contained in its constitution a company shall have, whether acting inside or outside of the State -

(a) full and unlimited capacity to carry on and 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) Nothing in subsection (1) shall relieve a company from any duty or obligation under any enactment or the general law.

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