Question 1
Under Section 18(2) of the Nigerian Companies and Allied Matters Act (CAMA) 2020, what is the minimum number of persons required to form a private company?
Correct Answer:
One person
Question 2
What is the minimum issued share capital required for a private company under Section 27(2)(a) of CAMA 2020?
Correct Answer:
N100,000
Question 3
What is the minimum issued share capital required for a public company under Section 27(2)(b) of CAMA 2020?
Correct Answer:
N2,000,000
Question 4
Which body corporate is established under Section 1 of CAMA 2020 with the mandate to administer the Act and manage the registration of companies in Nigeria?
Correct Answer:
Corporate Affairs Commission (CAC)
Question 5
Under CAMA 2020, which type of company is defined as one that does not limit the liability of its members upon winding up?
Correct Answer:
Unlimited company
Question 1
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About this Exam

Prepare with the ICSAN Corporate Law Practice Questions - ICSAN Professional Programme I - Corporate Law Exam practice quiz. This question bank includes 100 questions covering company, cama, section, shares, and statutory. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ICSAN Corporate Law Practice Questions - ICSAN Professional Programme I - Corporate Law Exam

This practice set contains 100 questions from the matching question bank and focuses on company, cama, section, shares, and statutory. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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