Tag (SQ): Board of Directors

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BCL – L1 – Q92 – Legal implications relating to companies in difficulty or in crisis

State the effect on the Board of Directors when a liquidator is appointed in private liquidation.

State what happens to the Board of Directors of a company limited by shares on the appointment of a Liquidator in respect of private liquidation.

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BCL – L1 – Q82 – General Meeting Notices

Identify who is entitled to receive notices of a company's general meeting.

(a). Who is entitled to receive notices of a company’s general meeting?

(b). Under what circumstances will a court order a general meeting to be held?

(c). In a private company, any shareholder can convene an extraordinary general meeting’ Discuss.

(d). Unity Enterprises is to hold its annual general meeting (AGM) at the National Conference Centre soon. Due to a disagreement between the Managing Director (an Economics Professor), and the Board Chairman (a school drop-out who trades at Makola), the new company secretary (a non-lawyer), is uncertain who will determine the agenda for the meeting and also chair the AGM. The secretary has called for your views. Write down your views so you can WhatsApp a snapshot to him.

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BCL – L1 – Q80 – Acts of the Company

Explain what constitutes the acts of a company under the Companies Act.

(a). What constitute the acts of the company?

(b). Differentiate between ordinary resolution and special resolution.

(c). Kofi Asante is a board member of Rising Ventures Limited, a limited liability company with 10% shareholding by the Ghana Government. Kofi Asante was appointed to the BOD four years ago in accordance with the constitution allowing Dr. Kwame, Founder/Executive Chairman, and majority shareholder of the company to appoint seven of the eleven-member board. Three of board members represent workers groups and the last one comes from government per the constitutions. The Minister of Information just announced the revocation of Kofi Asante’s appointment to the BOD. Dr. Kwame called Kofi Asante to inform him the government’s announcement is null and void and should be ignored.

Who should Kofi Asante believe?

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