ii. the organs of the Company comprises at least a General Assembly of all its members and a Governing Board; iii. the Chief Executive Officer of the Company who shall not be a member of the Company, is knowledgeable in copyright matters and approved by the Commission as competent to run the affairs of a Collective Management Organisation; iv. the Management of the organization have been approved as competent to run affairs of a Collective management Organisation v. the memorandum of Association of the organisatioin provides the main function of the organization to be the administration of collective management of copyright. vi. the Articles of Association of the Organisation makes provision for attendance of representative of the Commission at the Governing Board and other general meetings of the organization of the Organisation as an observer; vii. no person shall be qualified to be appointed as Chairman of the Governing Board of the Collective Management Organisation unless he is a member of the Organisation; and viii. the Governing Board and Management of the Collective Management Organisation consist of persons who are citizens of Nigeria and ordinarily resident in Nigeria. (4) The Commission may communicate acceptance of an application to the applicant and where it deems necessary may require the applicant to take such additional steps including the advertisement of its application for grant of licence to operate as a Collective Management Organisation in designated national newspaper(s). (5) Upon the approval of an application, the Commission shall issue the applicant a Certificate as evidence of its licence to operate as a Collective Management Organisation. (6) Without prejudice to sub-paragraph (7), the Commission may refuse to grant a licence if it is not satisfied with the application of a company. (7) If an applicant for a licence has not been able to satisfy the Commission as to any matter required of it under it under these Regulations or the Act, but the Commission considers that the applicant will be able to do so before a final decision is made on the application, the Commission may accept the application subject to such modifications, conditions or limitations as may be appropriate. (8) At the request of an applicant for a licence under these Regulations, whose application has been refused or accepted subject to modifications, conditions or limitation, and on payment of the prescribed fee, the