Companies And Allied Matters Act 1990 Relating To Formation of Companies - SS2 Accounting Past Questions and Answers - page 1
What does the Companies and Allied Matters Act 1990 govern?
The formation and management of companies in Nigeria
The regulation of the stock market
The management of government-owned corporations
The regulation of the insurance industry
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How many people are required to form a company under the act?
At least one person
At least two people
At least three people
At least four people
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What is the registration process for a company under the act?
Submitting a business plan and paying a fee
Submitting a memorandum and articles of association and paying a fee
Registering with the Nigerian Stock Exchange
Applying for a business license
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What are some of the rules and regulations that registered companies must follow under the act?
Keeping proper books of accounts and filing annual returns
Hiring a minimum number of employees
Investing in government securities
Holding meetings with government officials
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What is the Corporate Affairs Commission (CAC)?
A government agency responsible for regulating the stock market
A professional association for Accountants in Nigeria
A government agency responsible for registering and regulating companies
A regulatory body for the insurance industry
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What are some of the documents required for the registration of a company under the Companies and Allied Matters Act 1990?
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What are some of the responsibilities of directors and officers of a company under the act?
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