- 1 Marks
Question
A foreign limited liability partnership
A. Can carry on business in Nigeria provided it is registered in its home country
B. Cannot carry on business in Nigeria without being incorporated in Nigeria
C. Need not register afresh in Nigeria before carrying on business in Nigeria
D. Is prohibited in Nigeria under the Companies and Allied Matters Act 2020
E. Must admit Nigerians as partners under the Companies and Allied Matters Act before carrying on business in Nigeria
Answer
B
Explanation:
A foreign limited liability partnership must be incorporated in Nigeria before it can legally carry on business under the Companies and Allied Matters Act 2020.
- Tags: Business Entities, Company Law, Nigerian Law
- Level: Level 1
- Topic: Company Law
- Series: NOV 2021
- Uploader: Theophilus