- 8 Marks
Question
The Companies and Allied Matters Act (CAMA) established the Corporate Affairs Commission and gave it specific functions.
Required:
State FOUR functions of the Corporate Affairs Commission. (8 Marks)
Answer
- Administering the CAMA: This includes the registration, regulation, and supervision of companies, business names, and incorporated trustees, as well as striking off and winding up companies.
- Maintaining a registry of companies: Establishing and maintaining a company’s registry in each state of the federation, suitably equipped to perform its functions.
- Investigating company affairs: Conducting investigations into the affairs of companies where necessary, in the interest of shareholders, members, or the public.
- Ensuring compliance: Ensuring compliance with the provisions of CAMA and other regulations for companies and incorporated trustees.
- Topic: Company Law
- Series: NOV 2023
- Uploader: Theophilus