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Companies Act 1967

Companies Act 1967 s 23

s 23 Capacity and powers of company

23.—(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] —(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]

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Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.