- 1 Marks
Question
What is the minimum authorized Share Capital of a Private Limited Liability Company as prescribed by Companies and Allied Matters Act LFN 2004?
Answer
N10,000.00 (ten thousand naira)
Explanation:
Under the Companies and Allied Matters Act, the minimum authorized share capital for a private limited liability company is N10,000, which serves as the base requirement for registration and incorporation.
- Tags: Company Law, Share Capital
- Level: Level 1
- Topic: Company Law
- Series: NOV 2012
- Uploader: Theophilus