Section 2, The Companies Act, 2009

(1) There is hereby established a body to be known asthe Corporate Affairs Commission. (2) The Commission shall be– (a) a body corporate with perpetual succession and a common seal; (b) capable of suing and being sued in its corporate name; and (c) capable of acquiring, holding or disposing of any property, whether movable or immovable, for the purpose of carrying out its functions.