The law that currently regulates the registration of companies in Nigeria is the?

Assessment: JAMB UTME - Principles of Accounts - 2001 Subject: Financial Accounting

Question 1 Report

The law that currently regulates the registration of companies in Nigeria is the?
Answer Details
The law that currently regulates the registration of companies in Nigeria is the Companies and Allied Matters Act (CAMA) 1990. This is an Act of the National Assembly of Nigeria that governs the formation, incorporation, and management of companies in Nigeria. It is the primary law that regulates the activities of businesses and organizations in Nigeria, and it was enacted to replace the Companies Act of 1968. CAMA 1990 provides for the regulation of the formation and management of companies, partnerships, and other business entities in Nigeria. It sets out the legal framework for the operation of companies, including their registration, ownership, and management structures. The Act also provides for the rights and duties of company directors, shareholders, and other stakeholders. Therefore, the answer to the question is Companies and Allied Matters Decree, 1990.
Read lesson note on Company Accounts (WAEC)
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