The word ‘person’ include bodies politic. One limited Company can be shareholder of another where it is authorised to do so under its memorandum and articles of association. The term includes a body corporate. [Law Society v. United Service Bureau, (1934) 1 KB 343].
An infant signing a memorandum is a ‘person’ within the meaning of that section and unless he has repudiated the contract an objection against registration of the memorandum on the ground that he is not “a person” is not sustainable. [(1876) 2 Ch D 610]. [Section 12, Companies Act, 1956].