Which document replaced the mandatory Statutory Declaration of Compliance previously sworn to by a legal practitioner prior to company incorporation under CAMA 2020?

Question

Accepted Answer

A Statement of Compliance signed by the applicant or his agent. Section 40(1) of CAMA 2020 simplified incorporation by introducing a Statement of Compliance, which can be signed by the applicant or his agent confirming that statutory requirements for registration have been met, replacing the statutory declaration by a legal practitioner.

Answer

A) A Statement of Compliance signed by the applicant or his agent

Answer

B) A Certificate of Good Standing from the Federal Inland Revenue Service

Answer

C) An Affidavit of Solvency signed by a Notary Public

Answer

D) A Bank Guarantee showing proof of paid-up share capital

Which document replaced the mandatory Statutory Declaration of Compliance previously sworn to by a legal practitioner prior to company incorporation under CAMA 2020?

Practice more Business Law questions