WAEC Commerce 2017 Theory — Question 8
Question 8 of 16 from the West African Examinations Council (WAEC) Commerce 2017 Theory paper, with the correct answer and a full explanation.
Advertisement
4(b) Explain five procedure to be followed in the formation of a Private Limited company
Model answer
Procedures for formation of private limited liability company: - coming together of the founding shareholder and setting objectives for the company and designing Memorandum and Article of Association - submission of required documents to the Corporate Affairs Commission - issuance of certificate of incorporation - request for subscription to the share of the company - issuance of certificate of trading to the company.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.