Southern Protectorate Of Nigeria - Although the indirect rule policy was a huge success in the Northern Protectorate, it was a mixed bag in the Southern Protectorate.

A joint stock company or a public limited liability company is that form of business organization in which the liability of the shareholders is limited to the amount of capital they contributed and the unpaid part of the capital allotted to them. It must have a minimum of seven members but no maximum membership is prescribed for it.