|32||Title:||COMPANIES ORDINANCE||Gazette Number:||L.N. 169 of 2010|
|Section:||16||Heading:||Effect of registration||Version Date:||21/02/2011|
(1) On the registration of a company's incorporation form and copies of its memorandum and articles, if any, the Registrar shall issue a certificate, with his signature or his printed signature, certifying that the company is incorporated and, in the case of a limited company, that the company is limited. (Amended 83 of 1995 s. 3; 12 of 2010 s. 8)
(2) From the date of incorporation mentioned in the certificate of incorporation, the founder members, together with such other persons as may from time to time become members of the company, shall be a body corporate by the name contained in the memorandum, capable forthwith of exercising all the functions of an incorporated company, and having perpetual succession and a common seal, but with such liability on the part of the members to contribute to the assets of the company in the event of its being wound up as is mentioned in this Ordinance.