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.
