- 20 Marks
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)
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
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