Company to be a body corporate

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(1) Any company incorporated under this Act shall be an autonomous and corporate body with perpetual succession.
(2) Subject to this Act, company like an individual, acquire, hold, sell, dispose of or otherwise deal with, any movable or immovable property.
(3) A company may sue and be also sued by its own name.
(4) A company may, like an individual, enter into a contract and exercise the rights and perform the obligations as referred to in the contract.

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