JAMB Commerce 2020 Objective — Question 18

Question 18 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2020 Objective paper, with the correct answer and a full explanation.

18. The minimum number of shareholders in a public liability company according to CAMA 1990 is a

A. A. SevenCorrect
B. B. Two
C. C. Ten
D. D. One

Explanation

According to CAMA 1990, the minimum number of persons that can form a public limited company is seven.

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