Terms and contract between the members  In company law

The articles in terms of contract between the members of the companies under the wordings of section 33 of Company Act 2006.

Under Company Act (CA) 2006, s 15, the consequence of incorporation is the separate legal personality which the company acquires. Therefore, the company has a separate legal entity which register itself under this provision i.e. a body corporate is created and as an association of its members and a person separate from its members, therefore a company has dual nature.