9. Effect of registration
From the date of incorporation mentioned in the certificate of incorporation, such
subscribers to the memorandum and all 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 of exercising all the functions of an incorporated company under this
Act and having perpetual succession and a common seal with power to acquire, hold and
dispose of property, both movable and immovable, tangible and intangible, to contract and
to sue and be sued, by the said name.