The statutory minimum number of persons required to form a public limited company in Nigeria under the Companies and Allied Matters Act (CAMA) 2020 is
AtwoCORRECT
Bfive
Cseven
Dtwenty
GCECommerceBusiness Organisations2020
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Why the answer is A, and why the others tempt you.
Under the Companies and Allied Matters Act (CAMA) 2020, a public company requires a minimum of two members (shareholders) for its formation, which is the same minimum as a private company. CAMA 2020 reduced the previous requirement and streamlined company formation rules in Nigeria.
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