In accordance with s 124 of the Corporations Act, a company has the legal capacity and powers of an individual in addition to other powers such as the power to issue shares and debentures.

Question

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Section 124 of the Corporations Act 2001 (Cth) provides that a company has the legal capacity and powers of an individual both within and outside its jurisdiction. This includes the power to issue shares and debentures, among other powers.

In Accordance with S 124 of the Corporations Act, a Company