Legal Framework For Corporate Governance Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

Who makes the code of corporate governance for banks?

A

CBN

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Who makes the code of corporate governance for industry in Niger ?

A

The national insurance commission

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Who makes the code of corporate governance for pension operators?

A

National Pension Commission

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Who makes the code of corporate governance for telecommunications?

A

Nigerian Communications Commission

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What kind of director is not an employee of the company?

A

Non executive director

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What type of director does not have official appointment or removal

A

Shadow director

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What kind of director is put in when there is a vacancy

A

A casual director

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

When should annual returns be filed?

A

Within 42 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

When should return on auditors be filed?

A

Within 14 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

When should returns on receivership be filed

A

Within 14 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

When should returns or alteration of share capital be filed?

A

Within one month

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

When should registration of charges filed?

A

90 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

When should notice of change of directors and secretaries be filed

A

Within 14 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

When should a court order be filed?

A

Within 15 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

When should a statutory report notice be filed?

A

Within 14 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

When should notice of increase in share capital be filed?

A

Within 15 days

17
Q

When should registration of appointment of a receiver be filed?

A

Within 7 days

18
Q

When should copy of a court order on dissolution of a company be filed

A

Within 14 days

19
Q

When should notice of appointment of a liquidator be filed?

A

Within 14 days

20
Q

When should notice of resolution to wind up voluntarily be filed?

A

Within 14 days

21
Q

When should returns on consolidation of share capital be filed?

A

Within one month

22
Q

When should returns on subdivision of share capital be filed?

A

Within one month

23
Q

What section provides for the disqualification of a director?

A

Section 283

24
Q

What kind of resolution is used for appointment of directors!

A

Ordinary resolution and a public company may use a unanimous resolution

25
Q

The first meeting of a board of directors must be held within?

A

Within 6 months of incorporation of the company

26
Q

Nomination of directors to be appointed be submitted within….

A

3-21 dogs of the meeting

27
Q

What kind of notice and resolution is used to remove a director?

A

A special notice and an ordinary resolution

28
Q

What kind of company does not require a company secretary?

A

A small company

29
Q

What case provides that a director that is also a secretary cannot sign a company document in both capacities at once?

A

Daily times Nigeria v. Akindiji

30
Q

What is the maximum number of companies a person can be a director of?

A

Five

31
Q

What section provides that a person cannot be a director of more than 5 companies at once?

A

Section 307(3) as amended by BFA 2023