Tag (SQ): Company constitution
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- 20 Marks
BCL – L1 – Q71 – Prohibited Share Transactions
State the prohibited transactions in shares under Section 58 of Act 992.
Question
(a). State the various prohibited transactions in shares as provided by section 58 of Act 992.
(b). Under what circumstances will the provision of financial assistance by a company for the purchase of its shares be permitted?
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- 20 Marks
BCL – L1 – Q60 – Alternative forms and constitutions of business organisations
Explain the difference between private and public companies with examples from Ghana.
Question
(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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