(1)On the registration of the memorandum Effect of a company, the registrar shall certify under his hand t hat the company is incorporated, and in the case of a limited company that the company is limited.(2)From the date of incorporation mentioned 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 ii the event of its being wound up as is mentioned in this Act.
