JAMB UTME - Commerce - 2008 | Green Bridge CBT

Question 1 Report

A proposed company may not be registered if?

the name conficits with that of another

it does not put 'limited' after its proposed name

it has no paid-up capital

it has no asset of its own

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.






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