A common requirement for public and private limited companies in Nigeria is that
- a shareholder cannot transfer his shares to someone else without permission from other shareholders
- shares cannot be offered or sale on the stock exchange
-
their annual accounts are made available to the corporate affairs commission
- shares can be offered for sale through an issuing house
The correct answer is: C
Explanation
For public and private companies operating in Nigeria, it is required that their accounts are periodically updated with the corporate affairs commission to ascertain their operation status.