Legal

Disqualification of directors (2) This series has been focusing on the provisions contained in the companies act for restraining fraudulent person from acting as directors. We have previously considered the positions of persons convicted of an offence involving fraud or...

Directors Accountability (1)   Last week, we looked at the “somewhat” controversial Section 177(1)(c) of the Companies’ Act, 2019 (Act 992) which deals with the disqualification of a person as a director for offences that the persons has been convicted...

Disqualification of Directors Culpable of Criminal offences – Whether Convicted or Not! The Companies Act, 2019 (Act 992), amongst others, seeks to create a robust regime for regulating the appointment and conduct of directors. It can be said, for instance,...

Director’s Liability in Insolvency, Receivership and Corporate Collapse In recent times, Ghanaians have regrettably seen huge corporate institutions (particularly those within the Banking Sector) suddenly become the subject of receivership or liquidation. The irony is that these troubled corporate institutions...

Companies Bid Farewell to Business Restrictions If you have incorporated a company before, I am sure you still have memories of that part of the application form requiring you to list the kind of businesses that your company intends to...

Companies Act, 2019 – Directors under the Spotlight  The high spate of recent bank failures and the historic low shelf life of Ghanaian businesses has thrown into sharp focus the role of individuals and agents in these failures. The need...