• 1 Marks

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.

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

B. Limited

Explanation: According to the Companies and Allied Matters Act (CAMA) 2004, a private company limited by shares is required to include the word “Limited” at the end of its name. This indicates that the liability of its members is limited to the amount, if any, unpaid on the shares they hold. The other options do not conform to the legal requirements stipulated for naming a private company under CAMA.

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