Section 23 — Capacity and powers of company

(1)Subject to the provisions of this Act and any other written law and its constitution, a company has —

(a)full capacity to carry on or undertake any business or activity, do any act or enter into any transaction; and

(b)for the purposes of paragraph (a), full rights, powers and privileges.[36/2014]

(1A)A company may have the objects of the company included in its constitution.[36/2014]

(1B)The constitution of a company may contain a provision restricting its capacity, rights, powers or privileges.[36/2014]

(2)[Deleted by Act 17 of 2023 wef 01/07/2023]

(3)[Deleted by Act 17 of 2023 wef 01/07/2023]

(4)[Deleted by Act 17 of 2023 wef 01/07/2023]

(5)[Deleted by Act 17 of 2023 wef 01/07/2023]