Section 9 - Private companies
(1) For the purposes of this Act, a company is a private company if—
(a) its articles—
(i) restrict a member's right to transfer shares;
(ii) limit the number of members to fifty; and
(iii)...
Section 10 - Public companies
For the purposes of this Act, a company is a public company if—
(a) its articles allow its members the right to transfer their shares in the
company;
(b) its articles do not prohibit invitations to...
Section 11 - Method of forming company
(1) One or more persons who wish to form a company may—
(a) subscribe their names to a memorandum of association; and
(b) comply with the requirements of sections 13 to 16 with respect...
Section 12 - Memorandum of association
(1) A memorandum of association is a memorandum stating that the
subscribers—
(a) wish to form a company under this Act; and
(b) agree to become members of the company and, in the case of...
Section 13 - Registration documents
(1) A person who wishes to register a company shall lodge with the Registrar—
(a) an application for registration of the company that complies with
subsections (2) and (4);
(b) a memorandum of...
Section 15 - Statement of guarantee
(1) The applicant for registration of a company to be limited by guarantee
shall ensure that the requisite statement of guarantee contains the prescribed
information to enable the subscribers to the...
Section 16 - Statement of proposed officers
(1) The applicant for registration shall ensure that the requisite statement of the
company's proposed officers complies with subsections (2) and (4).
(2) The statement complies with this subsection...
Section 19 - Effect of registration
From the date of incorporation of a company—
(a) the subscribers to the memorandum, together with such other persons
as may from time to time become members of the company, become
a body corporate...
Section 21 - Default application of model articles
(1) On the formation of a limited company—
(a) if its articles are not registered; or
(b) if its articles are registered, in so far as they do not exclude or modify
the relevant model articles, the...
Section 28 - Statement of company’s objects
(1) Unless the articles of a company specifically restrict the objects of the
company, its objects are unrestricted.
(2) If a company amends its articles so as to add, remove or alter a...
Section 29 - Documents to be provided to members
(1) A company shall, on being requested to do so by a member of the company,
send to the member the following documents—
(a) an up-to-date copy of the articles of the company;
(b) a copy of any...
Section 30 - Effect of company’s constitution
(1) A company's constitution binds the company and its members to the same
extent as if the company and its members had covenanted agreed with each other
to observe the constitution.
(2) Money...
Section 33 - Company’s capacity
The validity of an act or omission of a company may not be called into question
on the ground of lack of capacity because of a provision in the constitution of the
company.
Section 34 - Power of directors to bind company
(1) In favour of a person dealing with a company in good faith, the power of
the directors to bind the company, or authorise others to do so, is free of any is
limitation contained in the company's...
Section 35 - Company contracts
(1) A contract may be made—
(a) by a company, in writing; or
(b) on behalf of a company, by a person acting under its authority,
express or implied.
(2) Any formalities required by law for a...
Section 37 - Execution of documents
(1) deleted by Act No. 1 of 2020, s. 30.
(2) A document is validly executed by a company if it is signed on behalf of
the company—
(a) by two authorised signatories; or
(b) by a director of the...
Section 39 - Execution of deeds by companies
(1) A document is validly executed by a company as a deed only if the document
is—
(a) duly executed by the company; and
(b) delivered as a deed.
(2) For the purposes of subsection (1)(b), a...
Section 41 - Authentication of documents
A document or proceedings requiring authentication by a company is sufficiently
authenticated by a signature of a person authorised by the company to act on its
behalf.
Section 48 - Reservation of name
(1) The Registrar may, on written application reserve a name pending
registration of a company or change of name by a company.
(2) The reservation of a name under subsection (1) remains in force for...
Section 49 - Prohibited names
(1) The Registrar may not register a company by a particular name if—
(a) the use of the name would constitute an offence;
(b) the name consists of abbreviations or initials not authorised by...