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Companies Act, 1973 (Act No. 61 of 1973)

Chapter IV: Formation, Objects, Capacity, Powers, Names, Registration and Incorporation of Companies

Formation, Objects and Powers

34. Powers of company

 

 

Subject to any limitation imposed by this Act, every company shall have plenary powers, including the common powers stated in Schedule 2 to this Act, to enable it to realise its main and ancillary objects, except such specific powers as are expressly excluded or qualified in its memorandum.