Question 5:
Which of the following is NOT an example of company’s statutory books
A. Register of members
B. Minute books
C. Register of contractors
D. Accounting records
E. Directors’ service contracts
The correct answer is (C)
Past Question and Answer Review:
Statutory books are the official records kept by the company relating to all legal and statutory matters.
The statutory books of the company must be maintained and kept at the company’s registered office (or alternative location notified to the Corporate Affairs Commission) where they can be inspected.
The list of the registers and documents which every company is required under the CAMA to keep include:
a) The register of the company’s members,
b) The Index of members where they are more than 50,
c) The register of charges registered against the company;
d) Minutes Book (of all General meetings, Directors’ meetings and Manager’s meetings (if any) including copies of shareholders’ resolutions passed,
e) Register of Directors’ shares’ and Debentures
f) The register of directors and secretaries,
g) The register of interest in shares
h) The Accounting Records
i) Director’s service contracts
The correct answer in this context is (C)
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