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JAMB Principles of Accounts 2001 Question 43

Question 43

Company Accounts

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

  1. A.Constitution of the Federal Republic of Nigeria, 1999
  2. B.Nigerian Enterprises Promotion Decree, 1972
  3. C.Companies and Allied Matters Decree, 1990
  4. D.Companies Decree, 1968.
Show the answer and explanation

Answer: C (Companies and Allied Matters Decree, 1990)

Explanation

Companies are registered under the Companies and Allied Matters Decree (Act) of 1990.