Tag (SQ): Companies Act

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State limitations on directors' powers and ways a director’s appointment can be terminated under Companies Act 2019.

In accordance with the Companies Act, 2019 (Act 992), the directors shall not, without the approval of an ordinary resolution of the company, exceed the powers conferred on them.

Required:

(a) State THREE (3) limitations on the powers of directors.

(b) Explain THREE (3) ways in which a director’s appointment can be terminated.

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Explain the difference between private and public companies with examples from Ghana.

(a). Explain the main difference between a private and a public company. Give an example of each from Ghana.

(b). Discuss four duties of a promoter.

(c). Explain six items that must be in the constitution of a company for registration.

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Explain legal distinctions between sole proprietorship, partnerships, and companies.

(a). Explain the legal distinctions between a sole proprietorship, partnerships, and companies.

(b). Describe the types of companies under the Companies Act 2019 (Act 992).

(c). Explain the effect of separate legal personality and the veil of incorporation of companies.

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