(1)
The Commission shall appoint a Registrar-General who—
(a)
is qualified to practice as a legal practitioner in Nigeria ;
(b)
has been so qualified for at least 10 years ; and
(c)
in addition, has had experience in company law practice or administration for at least eight years.
(2)
The Registrar-General—
(a)
is the Chief Executive of the Commission ;
(b)
is subject to the directives of the Board and shall hold office on such—
(i)
terms and conditions as may be specified in his letter of appointment, and
(ii)
other terms and conditions as may be determined by the Board with the approval of the President.
(3)
The Registrar-General is the accounting officer for the purpose of controlling and disbursing amounts from the Fund established under section 13.