What is a general commercial company?

CA 1985, sec3A: Where the company's memorandum states that the object of the company is to carry on business as a general commercial company-

1. the object of the company is to carry on any trade or business whatsoever, and
2. the company has power to do all such things as are incidental or conducive to the carrying on of any trade or business by it.

This clause was inserted into the 1985 Act by CA 1989, sec11(1).
Nearly all modern trading companies are set up with general commercial company objects, and many older companies have now had their objects changed to this provision.

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