ICSAN Admin Risk Practice Questions - ICSAN Professional Programme II - Corporate Administration And Risk Management Exam

It is incorporated with the authority of the Attorney-General of the Federation, and its profits must not be distributed to members. It is incorporated like any private company, and profits can only be distributed with the consent of the Corporate Affairs Commission. It is incorporated with the authority of the Minister of Industry, Trade and Investment, and profits must be reinvested or paid out to members after 5 years. It is incorporated with the consent of the Central Bank of Nigeria, and its profits are strictly tax-exempt.