Section 9 of the Companies Act, 2013
Section 9 of the Companies Act, 2013 – Effect of Registration
Once a company is incorporated (registered) under the Companies Act, 2013, Section 9 defines the legal effect of that incorporation.
📘 Text of Section 9 – Effect of Registration:
From the date of incorporation mentioned in the certificate of incorporation, the subscribers to the memorandum and all other persons, as may from time to time become members of the company, shall be a body corporate capable of:
exercising all the functions of an incorporated company under this Act;
having perpetual succession and a common seal, if any, with power to acquire, hold and dispose of property, both movable and immovable;
to contract and to sue and be sued by the said name.
✅ Key Points:
Legal Entity: The company becomes a separate legal entity (a body corporate).
Perpetual Succession: It continues to exist even if members change or die.
Common Seal (Optional): It may have a seal for official purposes (not mandatory).
Right to Property: The company can own, buy, sell property in its name.
Sue or Be Sued: It can enter into legal contracts and be part of court proceedings.
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