Section XI:
Effect of registration.
Upon any such Memorandum of Association, either with or without
Articles of Association as aforesaid, being registered, the Registrar shall certify under his hand that the
Company is incorporated, and, in the case of a limited Company, that the Company is limited; the
subscribes of the Memorandum of Association, together with such other persons as may from time to
time become shareholders in the Company, shall thereupon be a body corporate by the name
prescribed in the Memorandum of Association, having a perpetual succession and a common seal, with power to hold land, but with such pecuniary liability on the part of the shareholders as is hereinafter
mentioned: the certificate of incorporation given by the Registrar shall be conclusive evidence that all
the requisitions of this Act in respect of registration have been complied with; and the date of such
certificate shall be deemed to be the date of the incorporation of the Company.