Company Limited by Guarantee

BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

Question

In accordance with the provisions of CAMA 2020, which of the following is TRUE of a company limited by guarantee?

A. Must be owned by one person
B. N200,000 in nominal value of its share capital must have been issued
C. 55% of the issued share capital of a company must have been paid up
D. The consent of the Attorney General of the Federation (“AGF”) must be obtained before incorporation
E. It is restricted from appointing a director to hold the office of the Chairman and Chief Executive Officer of the Company

Answer

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Tags: CAMA 2020, Company Limited by Guarantee, Corporate Governance
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2023

BCL – Nov 2023 – L1 – Q4c – Types of Capital and the Financing of Companies

Explain the process for converting a company limited by shares into a company limited by guarantee.

Question

c) How may a company limited by shares convert to a company limited by guarantee? (5 marks)

Answer

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Tags: Company Law, Company Limited by Guarantee, Company Limited by Shares, Conversion
Level: Level 1

Topic: Types of capital and the financing of companies
Series: NOV 2023

BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

Question

In accordance with the provisions of CAMA 2020, which of the following is TRUE of a company limited by guarantee?

Answer

Find Related Questions by Tags, levels, etc.

Tags: CAMA 2020, Company Limited by Guarantee, Corporate Governance
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2023

BCL – Nov 2023 – L1 – Q4c – Types of Capital and the Financing of Companies

Explain the process for converting a company limited by shares into a company limited by guarantee.

Question

c) How may a company limited by shares convert to a company limited by guarantee? (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Company Limited by Guarantee, Company Limited by Shares, Conversion
Level: Level 1

Topic: Types of capital and the financing of companies
Series: NOV 2023

Question Tag: Company Limited by Guarantee

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BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

BCL – Nov 2023 – L1 – Q4c – Types of Capital and the Financing of Companies

Explain the process for converting a company limited by shares into a company limited by guarantee.

BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

BCL – Nov 2023 – L1 – Q4c – Types of Capital and the Financing of Companies

Explain the process for converting a company limited by shares into a company limited by guarantee.

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BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

You're reporting an error for "BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices"

BCL – Nov 2023 – L1 – Q4c – Types of Capital and the Financing of Companies

Explain the process for converting a company limited by shares into a company limited by guarantee.

You're reporting an error for "BCL – Nov 2023 – L1 – Q4c – Types of Capital and the Financing of Companies"

BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

You're reporting an error for "BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices"

BCL – Nov 2023 – L1 – Q4c – Types of Capital and the Financing of Companies

Explain the process for converting a company limited by shares into a company limited by guarantee.

You're reporting an error for "BCL – Nov 2023 – L1 – Q4c – Types of Capital and the Financing of Companies"

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