- 20 Marks
BCL – L1 – Q80 – Acts of the Company
Explain what constitutes the acts of a company under the Companies Act.
Question
(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?
Find Related Questions by Tags, levels, etc.
