Share Certificates

BCL – Nov 2016 – L1 – Q5 – Types of Capital and the Financing of Companies

Discuss the requirements for share certificates and prohibited transactions in shares under the Companies Act, 1963 (Act 179).

Question

a) Share certificates are required to be issued to shareholders by a company. List the particulars that are required, by law, to be on the certificate.
(6 marks)

b) Certain transactions in shares are statutorily prohibited by the provisions of the Companies Act, 1963, Act 179. List FOUR of the said transactions.
(4 marks)

c) State TWO effects of a breach of the provisions prohibiting these transactions.
(4 marks)

d) State the liability of a member of a company prior to the winding up of the company.
(4 marks)

Answer

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Tags: Company Law, Ghana, Share Certificates, Statutory Prohibitions
Level: Level 1

Topic: Types of capital and the financing of companies
Series: NOV 2016

BCL – Mar 2024 – L1 – Q4c – Types of Capital and the Financing of Companies, Company Law

Explain the legal significance of statements made in a share certificate under the Companies Act, 2019 (Act 992).

Question

“Statements made in a share certificate, especially where the certificate bears the common seal of the company, shall be absolute or unassailable evidence of the title of the person named in the Certificate.”

Required:

Explain if the above statement is the true position of the law in terms of the provisions of the Companies Act, Act 992.

(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Companies Act, Company Law, Legal Evidence, Ownership of Shares, Share Certificates
Level: Level 1

Topic: Contract Law, Types of capital and the financing of companies
Series: MAR 2024

BCL – Nov 2016 – L1 – Q5 – Types of Capital and the Financing of Companies

Discuss the requirements for share certificates and prohibited transactions in shares under the Companies Act, 1963 (Act 179).

Question

a) Share certificates are required to be issued to shareholders by a company. List the particulars that are required, by law, to be on the certificate.
(6 marks)

b) Certain transactions in shares are statutorily prohibited by the provisions of the Companies Act, 1963, Act 179. List FOUR of the said transactions.
(4 marks)

c) State TWO effects of a breach of the provisions prohibiting these transactions.
(4 marks)

d) State the liability of a member of a company prior to the winding up of the company.
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Ghana, Share Certificates, Statutory Prohibitions
Level: Level 1

Topic: Types of capital and the financing of companies
Series: NOV 2016

BCL – Mar 2024 – L1 – Q4c – Types of Capital and the Financing of Companies, Company Law

Explain the legal significance of statements made in a share certificate under the Companies Act, 2019 (Act 992).

Question

Required:

Explain if the above statement is the true position of the law in terms of the provisions of the Companies Act, Act 992.

(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Companies Act, Company Law, Legal Evidence, Ownership of Shares, Share Certificates
Level: Level 1

Topic: Contract Law, Types of capital and the financing of companies
Series: MAR 2024

Question Tag: Share Certificates

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BCL – Nov 2016 – L1 – Q5 – Types of Capital and the Financing of Companies

Discuss the requirements for share certificates and prohibited transactions in shares under the Companies Act, 1963 (Act 179).

BCL – Mar 2024 – L1 – Q4c – Types of Capital and the Financing of Companies, Company Law

Explain the legal significance of statements made in a share certificate under the Companies Act, 2019 (Act 992).

BCL – Nov 2016 – L1 – Q5 – Types of Capital and the Financing of Companies

Discuss the requirements for share certificates and prohibited transactions in shares under the Companies Act, 1963 (Act 179).

BCL – Mar 2024 – L1 – Q4c – Types of Capital and the Financing of Companies, Company Law

Explain the legal significance of statements made in a share certificate under the Companies Act, 2019 (Act 992).

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Question Tag: Share Certificates

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BCL – Nov 2016 – L1 – Q5 – Types of Capital and the Financing of Companies

Discuss the requirements for share certificates and prohibited transactions in shares under the Companies Act, 1963 (Act 179).

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BCL – Mar 2024 – L1 – Q4c – Types of Capital and the Financing of Companies, Company Law

Explain the legal significance of statements made in a share certificate under the Companies Act, 2019 (Act 992).

You're reporting an error for "BCL – Mar 2024 – L1 – Q4c – Types of Capital and the Financing of Companies, Company Law"

BCL – Nov 2016 – L1 – Q5 – Types of Capital and the Financing of Companies

Discuss the requirements for share certificates and prohibited transactions in shares under the Companies Act, 1963 (Act 179).

You're reporting an error for "BCL – Nov 2016 – L1 – Q5 – Types of Capital and the Financing of Companies"

BCL – Mar 2024 – L1 – Q4c – Types of Capital and the Financing of Companies, Company Law

Explain the legal significance of statements made in a share certificate under the Companies Act, 2019 (Act 992).

You're reporting an error for "BCL – Mar 2024 – L1 – Q4c – Types of Capital and the Financing of Companies, Company Law"

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