Question 1
Under Section 27(2) of the Companies and Allied Matters Act (CAMA) 2020, what is the minimum issued share capital for a private company incorporated in Nigeria?
Correct Answer:
₦100,000
Question 2
Under Section 27(2) of CAMA 2020, what is the minimum issued share capital required for a public company (Plc) in Nigeria?
Correct Answer:
₦2,000,000
Question 3
Which of the following describes a key reform introduced by Section 18(2) of CAMA 2020 regarding company membership in Nigeria?
Correct Answer:
A private company can now be formed and run by a single member.
Question 4
Under CAMA 2020, what is the maximum number of members a private company is permitted to have, excluding employees and former employees?
Correct Answer:
50 members
Question 5
A company limited by guarantee (Ltd/Gte) in Nigeria cannot be incorporated without the consent of which regulatory authority?
Correct Answer:
The Attorney-General of the Federation
Question 1
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About this Exam

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

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ICSAN CL Practice Questions - ICSAN Professional Corporate Law (Nigeria) Exam

This practice set contains 100 questions from the matching question bank and focuses on cama, section, company, director, and nigeria. 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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