This law problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

ScanSolve AI Answer
5 stepsHere's the advice regarding the registration under the Companies and Allied Matters Act (CAMA):
a) Idris, Obi, and Nkechi, as Chartered Accountants seeking to practice jointly with limited liability without registering as a traditional company, should consider registering as a Limited Liability Partnership (LLP). This structure, governed by Part C of CAMA 2020, allows professionals to operate jointly while providing limited liability to the partners, protecting their personal assets from the liabilities of the partnership.
b) If they intend to use the name "Idobnke Accounting Consult" for their organization, and assuming they are not registering as an LLP (where the name is part of the LLP registration), they would need to register it as a Business Name under Part E of CAMA 2020. This is required for any individual or group carrying on business under a name other than their true names.
c) i) Yes, it is mandatory to register a Church under CAMA. Churches are considered non-profit organizations and must be registered as Incorporated Trustees under Part F of CAMA 2020 to acquire legal personality, own property, and operate formally in Nigeria.
ii) If they are to register the Church under CAMA, the form of registration is as an Incorporated Trustee. The procedure involves:
Send me the next one 📸
Get instant step-by-step solutions to any question. Free to start.
Ask Your Question
Handwritten Step-by-Step Solution
Get this as a handwritten image on WhatsApp — like a tutor wrote it for you.
Try on WhatsAppStill have questions?
Here's the advice regarding the registration under the Companies and Allied Matters Act (CAMA): a) Idris, Obi, and Nkechi, as Chartered Accountants seeking to practice jointly with limited liability without registering as a traditional company, should…
This law problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.