Section 21. Companies have unlimited capacity

1. A company shall be capable of exercising all the functions of a body corporate and have the full capacity to carry on or undertake any business or activity including—

   • to sue and be sued;

   • to acquire, own, hold, develop or dispose of any property; and

   • to do any act which it may do or to enter into transactions.

2. A company shall have the full rights, powers and privileges for the purposes mentioned in subsection (1).