16Effect of registrationU.K.
(1)The registration of a company has the following effects as from the date of incorporation.
(2)The subscribers to the memorandum, together with such other persons as may from time to time become members of the company, are a body corporate by the name stated in the certificate of incorporation.
(3)That body corporate is capable of exercising all the functions of an incorporated company.
(4)The status [F1, registered email address] and registered office of the company are as stated in, or in connection with, the application for registration.
(5)In the case of a company having a share capital, the subscribers to the memorandum become holders of the shares specified in the statement of capital and initial shareholdings.
(6)The persons named in the statement of proposed officers—
(a)as director, or
(b)as secretary or joint secretary of the company,
are deemed to have been appointed to that office [F2unless ineligible for appointment to that office by virtue of any enactment].
Textual Amendments
F1Words in s. 16(4) inserted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 29(3), 219(1)(2)(b); S.I. 2024/269, reg. 2(w)
F2Words in s. 16(6) inserted (26.10.2023 but only so far as it confers a power to make regulations or relates to the exercise of the power, otherwise prosp.) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 5(3), 219(1)(2)(b)
Modifications etc. (not altering text)
C1S. 16 excluded by The European Public Limited-Liability Company Regulations 2004 (S.I. 2004/2326), Sch. 4 para. 6 (as amended (1.10.2009) by The European Public Limited-Liability Company (Amendment) Regulations 2009 (S.I. 2009/2400), reg. {40(6)})