Private Company – NBC Institute

BL – Nov 2011 – L1 – SA – Q9 – Company Law

Identify the membership limit of a private company excluding certain members.

Question

The type of company that limits its membership to fifty, excluding past and present employees who have acquired shares by virtue of their employment, is a:
A. Limited partnership
B. Public company
C. Private company
D. Cooperative society
E. Unlimited company

Answer

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Tags: Company Law, Membership, Private Company
Level: Level 1

Topic: Company Law
Series: NOV 2011

BL – May 2021 – L1 – SB – Q3a – Company Law

Characteristics of private and public companies in Nigeria.

Question

The Companies and Allied Matters Act classifies companies broadly into ‘private company’ and ‘public company.’

Required:
State FOUR characteristics each of a private company and a public company respectively.

Answer

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Tags: Corporate Characteristics, Private Company, Public Company
Level: Level 1

Topic: Company Law
Series: MAY 2021

BL – MarJul 2020 – L1 – SA – Q9 – Company Law

Question determining the legal nature of a private company limited by shares.

Question

A private company limited by shares is prohibited from
A. Sharing profits
B. Engaging in commercial activities
C. Conducting business outside Nigeria
D. Offering its shares to the public
E. Participating in partnerships

Answer

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Tags: Company Types, Legal Entities, Limited Liability, Private Company
Level: Level 1

Topic: Company Law
Series: MAR/JULY 2020

BL – MarJul 2020 – L1 – SA – Q4 – Company Law

Question testing knowledge on the requirement for naming a private company under the Companies and Allied Matters Act 2004.

Question

Under the Companies and Allied Matters Act 2004, the name of a private company limited by shares shall end with the word:
A. Registered
B. Limited
C. Incorporated
D. Corporation
E. Cooperative

Answer

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Tags: CAMA, Company Law, Legal Requirements, Private Company
Level: Level 1

Topic: Company Law
Series: MAR/JULY 2020

BCL – May 2019 – L1 – Q6b – Company Law

Identifies conditions under which a person is disqualified from being appointed as an auditor in a private company.

Question

b) Identify FOUR (4) conditions to disqualify a person from being appointed as auditors in a private company.
(8 marks)

Answer

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Tags: Auditor Disqualification, Company Law, Corporate Governance, Private Company
Level: Level 1

Topic: Contract Law
Series: MAY 2019

BMIS – April 2022 – L1 – Q1b – The business organisation and its stakeholders

Explain what a public limited liability company is and discuss two features of a private limited liability company.

Question

Nkaagi, your long-time family friend who is an Engineer by profession, recently took over as the Chief Executive Officer of Wakawaka Investment Ltd, a company listed on the Ghana Stock Exchange. He has on several occasions complained about the many legal requirements they have had to contend with and has now approached you for advice on the benefits to be derived from converting a public limited liability company into a private limited liability company.

Required:
i) Explain what a public limited liability company means to Nkaagi. (4 marks)
ii) Explain TWO (2) features of a private limited liability company. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capital, Legal Structure, Private Company, Public Company, Shareholder Rights
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: APR 2022

BL – Nov 2011 – L1 – SA – Q9 – Company Law

Identify the membership limit of a private company excluding certain members.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Membership, Private Company
Level: Level 1

Topic: Company Law
Series: NOV 2011

BL – May 2021 – L1 – SB – Q3a – Company Law

Characteristics of private and public companies in Nigeria.

Question

The Companies and Allied Matters Act classifies companies broadly into ‘private company’ and ‘public company.’

Required:
State FOUR characteristics each of a private company and a public company respectively.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Characteristics, Private Company, Public Company
Level: Level 1

Topic: Company Law
Series: MAY 2021

BL – MarJul 2020 – L1 – SA – Q9 – Company Law

Question determining the legal nature of a private company limited by shares.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Types, Legal Entities, Limited Liability, Private Company
Level: Level 1

Topic: Company Law
Series: MAR/JULY 2020

BL – MarJul 2020 – L1 – SA – Q4 – Company Law

Question testing knowledge on the requirement for naming a private company under the Companies and Allied Matters Act 2004.

Question

Under the Companies and Allied Matters Act 2004, the name of a private company limited by shares shall end with the word:
A. Registered
B. Limited
C. Incorporated
D. Corporation
E. Cooperative

Answer

Find Related Questions by Tags, levels, etc.

Tags: CAMA, Company Law, Legal Requirements, Private Company
Level: Level 1

Topic: Company Law
Series: MAR/JULY 2020

BCL – May 2019 – L1 – Q6b – Company Law

Identifies conditions under which a person is disqualified from being appointed as an auditor in a private company.

Question

b) Identify FOUR (4) conditions to disqualify a person from being appointed as auditors in a private company.
(8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor Disqualification, Company Law, Corporate Governance, Private Company
Level: Level 1

Topic: Contract Law
Series: MAY 2019

BMIS – April 2022 – L1 – Q1b – The business organisation and its stakeholders

Explain what a public limited liability company is and discuss two features of a private limited liability company.

Question

Required:
i) Explain what a public limited liability company means to Nkaagi. (4 marks)
ii) Explain TWO (2) features of a private limited liability company. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capital, Legal Structure, Private Company, Public Company, Shareholder Rights
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: APR 2022

Question Tag: Private Company

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BL – Nov 2011 – L1 – SA – Q9 – Company Law

Identify the membership limit of a private company excluding certain members.

BL – May 2021 – L1 – SB – Q3a – Company Law

Characteristics of private and public companies in Nigeria.

BL – MarJul 2020 – L1 – SA – Q9 – Company Law

Question determining the legal nature of a private company limited by shares.

BL – MarJul 2020 – L1 – SA – Q4 – Company Law

Question testing knowledge on the requirement for naming a private company under the Companies and Allied Matters Act 2004.

BCL – May 2019 – L1 – Q6b – Company Law

Identifies conditions under which a person is disqualified from being appointed as an auditor in a private company.

BMIS – April 2022 – L1 – Q1b – The business organisation and its stakeholders

Explain what a public limited liability company is and discuss two features of a private limited liability company.

BL – Nov 2011 – L1 – SA – Q9 – Company Law

Identify the membership limit of a private company excluding certain members.

BL – May 2021 – L1 – SB – Q3a – Company Law

Characteristics of private and public companies in Nigeria.

BL – MarJul 2020 – L1 – SA – Q9 – Company Law

Question determining the legal nature of a private company limited by shares.

BL – MarJul 2020 – L1 – SA – Q4 – Company Law

Question testing knowledge on the requirement for naming a private company under the Companies and Allied Matters Act 2004.

BCL – May 2019 – L1 – Q6b – Company Law

Identifies conditions under which a person is disqualified from being appointed as an auditor in a private company.

BMIS – April 2022 – L1 – Q1b – The business organisation and its stakeholders

Explain what a public limited liability company is and discuss two features of a private limited liability company.

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BL – Nov 2011 – L1 – SA – Q9 – Company Law

Identify the membership limit of a private company excluding certain members.

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BL – May 2021 – L1 – SB – Q3a – Company Law

Characteristics of private and public companies in Nigeria.

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BL – MarJul 2020 – L1 – SA – Q9 – Company Law

Question determining the legal nature of a private company limited by shares.

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BL – MarJul 2020 – L1 – SA – Q4 – Company Law

Question testing knowledge on the requirement for naming a private company under the Companies and Allied Matters Act 2004.

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BCL – May 2019 – L1 – Q6b – Company Law

Identifies conditions under which a person is disqualified from being appointed as an auditor in a private company.

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BMIS – April 2022 – L1 – Q1b – The business organisation and its stakeholders

Explain what a public limited liability company is and discuss two features of a private limited liability company.

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BL – Nov 2011 – L1 – SA – Q9 – Company Law

Identify the membership limit of a private company excluding certain members.

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BL – May 2021 – L1 – SB – Q3a – Company Law

Characteristics of private and public companies in Nigeria.

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BL – MarJul 2020 – L1 – SA – Q9 – Company Law

Question determining the legal nature of a private company limited by shares.

You're reporting an error for "BL – MarJul 2020 – L1 – SA – Q9 – Company Law"

BL – MarJul 2020 – L1 – SA – Q4 – Company Law

Question testing knowledge on the requirement for naming a private company under the Companies and Allied Matters Act 2004.

You're reporting an error for "BL – MarJul 2020 – L1 – SA – Q4 – Company Law"

BCL – May 2019 – L1 – Q6b – Company Law

Identifies conditions under which a person is disqualified from being appointed as an auditor in a private company.

You're reporting an error for "BCL – May 2019 – L1 – Q6b – Company Law"

BMIS – April 2022 – L1 – Q1b – The business organisation and its stakeholders

Explain what a public limited liability company is and discuss two features of a private limited liability company.

You're reporting an error for "BMIS – April 2022 – L1 – Q1b – The business organisation and its stakeholders"

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