- A Foreign Company may apply for exemption under the Companies and Allied Matters Act if the foreign company belongs to one of the categories provided in the Act. An application for exemption pursuant to this shall be in writing addressed to:
a. Executive Secretary,Nigerian Investment Promotion Commission
C. The Registrar General,Corporate Affairs Commission
b. Secretary to the Government of the Federation
d. Minister of Commerce and Industry
2. A Company cannot empower any person either generally or in respect of specified matters through a Power of Attorney to execute deeds on its behalf.
True or False
1. A
2. True
1. B
2. True
1. B
2. False
1. b, Seceretary to the government of the Federation
2. True
1. B
2. False
1. b. Secretary to the Government of the Federation
2. False
1. A
2. False
1. B
2. False
1. B
2. False
1. B
2. False
1-B
2-False
1. B
2. False
1. B, secretary to the government of the federation
2. False
1. B 2. False
The answers are
1. B-Secretary to the Federal Government
2. False.( A company can actually empower anyone through a Power of Attorney)
In view of the challenges experienced by contestants yesterday trying to login. Everyone that got the answer correctly will qualify for the finals.