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INCORPORATION AND
ITS EFFECTS, Section 19 of Companies Act 2016, Section…
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- Name and registration number, will be kept by the registrar
- Every person whose name is stated during registration shall become members in the company
- If the company has share capital, every person whose name is stated in the application become the shareholder of the company
- The person named as a director or secretary shall be appointed in the company
- One a body corporate
- Have legal personality separate from its members, members and the company is different legal entity
- Continue in existence until it is removed
- Capable of exercising function such as removal of director
- Has power to acquire, own, hold, develop or dispose of property, the company has purchasing power
- Has power to enter into transaction like loan transaction
corporate