law: Companies Act, 1956
  Sec 34    -     Effect
  
  of registration.
  (1) On the registration of the memorandum of a
  
  company, 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.
  (2) From the date of incorporation mentioned
  
  in the certificate of incorporation, such of the subscribers of the memorandum
  
  and other persons, as may from time to time be members of the company, shall be
  
  a body corporate by the name contained in the memorandum, capable forthwith of
  
  exercising all the functions of an incorporated company, and having perpetual
  
  succession and a common seal, but with such liability on the part of the
  
  members to contribute to the assets of the company in the event of its being
  
  wound up as is mentioned in this Act.