Section 18 - Powers of companies

(1) Subject to this Act and to any other enactment, a company shall have

(a) full capacity to carry on or undertake any business or activity, do any act, or enter into any transaction; and

(b) full rights, powers and privileges for the purposes of paragraph (a).

(2) Without limiting subsection (1), and despite the provisions of any other enactment, a company shall be capable of giving and entering into and being bound by and claiming all rights under a deed or mortgage or other instrument.

(3) The registered constitution of a company may contain a provision regarding the capacity, rights, powers or privileges of the company if the provision restricts the capacity of the company or those rights, powers and privileges.