A proposed company may not be registered if?

Assessment: JAMB UTME - Commerce - 2008 Subject: Commerce

Question 1 Report

A proposed company may not be registered if?
Answer Details
When proposing a company name for registration, it is important to ensure that it does not conflict with the name of another company that has already been registered. The proposed company name must also contain the word 'limited'. However, a proposed company may not be registered if it does not have a minimum paid-up capital or assets of its own to run its operations.
Read lesson note on Legal Aspects Of Business (JAMB)
Read lesson note on Legal Aspect Of Business (WAEC)
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