Post Utme Abu 2017 Commerce Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Abu Commerce examination.

Post Utme Abu 2017 Commerce Objective / Multiple Choice
Question 27 POST_UTME_ABU • 2017 • COMMERCE • objective

A company is registered with the Corporate Affairs Commission (CAC) but has not filed its annual returns for the past three years. What is the consequence of this?

Answer Options

A. The company is liable for a fine of ₦50,000.
B. The company is required to pay a penalty of ₦100,000.
Correct Answer C. The company is struck off the register and its assets are forfeited.
D. The company is required to pay a fine of ₦20,000.
Correct Answer
C
Correct Option:
The company is struck off the register and its assets are forfeited.

About This Question

This is Post Utme Abu 2017 Commerce Question 27. It is one of the objective questions from the 2017 Post Utme Abu Commerce examination.

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