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
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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.