15.
| (1) On the registration of the memorandum of the company the Registrar shall issue to such company a certificate authenticated by the seal prepared under the provisions of section 390 that the company is incorporated and, in the case of a limited company, the company is limited. |
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| (2) From the date of incorporation specified in the certificate of incorporation, the subscribers of the memorandum, together with such other persons as may from time to time become members of the company, shall be a body corporate by the name contained in the memorandum, capable forthwith of exercising all the functions of an incorporated company, and having perpetual succession and a common seal, but with such liability on the part of the members to contribute to the assets of the company in the event of its being wound up as is referred to in this Act. |
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Sri Lanka Consolidated Acts