Hannigan, farrars company law 4th edition history of. The companres act, 1963 act 179 requires that in carrying out our audit vwork we consider report on the foiowing matters. Our companies code, 1963 act 179 later to be known as an act, pursuant to the laws of ghana revised edition act, 1988 act 562 has inspired reform in other commonwealth jurisdictions and gowers report has. Windingup of solvent companies and deregistering companies 79. Mergers and acquisitions in the absence of antitrust law. Companies act 1963 ca 1963 10 companies amendment act 1977 caa 1977 111 companies amendment act 1982 caa 1982 1 companies amendment act 1983 caa 1983 116 companies amendment act 1986 caa 1986 8 companies amendment act 1990 caa 1990 151 companies act 1990 ca 1990 160 companies amendment act 1999 caa 1999 214. Companies act 1963 sect 193 general duty to make disclosure. Effect of removal of company from register 6 5 10 15 20 25 30 35 40 45. Companies act 2006, section 179 is up to date with all changes known to be in force on or before 04 may 2020. The regulations contained in table a in the first schedule to the companies act 1963 shall not apply to the company. Read online the companies code, 1963 act 179 hfc bank ghana limited book pdf free download link book now. The companies act, 1963 act 179 requires that in carrying out our audit work we consider and report on the following matters. Companies act 1963 section adoption and application of table a or tabla a.
Companies act, 1963, section 182 irish statute book. Mergers and acquisitions in ghana foreign investor. Government print department, 1963 corporation law 311 pages. Companies code, 1963 act 179 report of the commission of enquiry into the working and administration of company law in ghana 1961 gowers report paul davies, gowers principles of company law 6th edition robert r. Ghana gets a new companies act after fifty six 56 years since the companies act, 1963, act 179 now repealed came into force on 1 july 1963. There are changes that may be brought into force at a future date. Please refer to schedule 5 of the new companies act, no. Oclcs webjunction has pulled together information and resources to assist library staff as they consider how to handle. Companies act 1963 act 179 section 1commencement spent. Way in which and extent to which objects of company may be altered. The companies act 2014 the act is now on the statute book but awaits commencement.
At 1448 sections and 17 schedules, it is the largest statute ever passed by the irish parliament. The registrargenerals department the companies act, 1963 act 179 form of annual return of a company incorporated under the companies act, 1963. All you need to know about the new companies act article. With company secretarial and compliance as our key service lines, firstcode management services welcomes the new companies act which was given assent by the president of the republic of ghana nana addo dankwa akufoaddo on 2nd august 2019. All books are in clear copy here, and all files are secure so dont worry about it. Companies code 1963, act 179 as amended this document is part of the source library for nrgis 2017 resource governance index, a comprehensive measure of the quality of natural resource governance in 81 oil, gas and mineralrich countries. At a very high level, the new act seeks to introduce improved corporate governance standards for companies operating in ghana. Pursuant to section 24 of the companies code, 1963 act 179 the association has for the furtherance of its authorized objects, all the powers of a natural person of full capacity and in furtherance of the objects outlined above indepth shall have the power to solicit and. Section 179, companies act, 1963 act 179 and section 17 0, companies act, 2019 act 992 directors duties under the 2019 ghana co mpanies act draft article 3.
Compliance with the requirements of seclion 3 of the companies ac, 1963 act 179. Dec 15, 2016 mergers and acquisitions in ghana foreign investor considerations. Download the companies code, 1963 act 179 hfc bank ghana limited book pdf free download link or read online here in pdf. The companies act 2014 consolidated the 1963 20 acts as well as introducing some new innovations. As required by part m of the companies act, 1963 section 122. Laws of malaysia act 125 companies act 1965 arrangement of sections part i preliminary section 1. The companies act 1963 act 179 as amended expressly provides for arrangements and amalgamations. Changes that have been made appear in the content and are referenced with annotations. Basis for opinion we conducted our audit in accordance with international standards on auditing isas. To reelect retiring directors by the provision of section 298 of the companies act, 1963 act 179 onethird of directors who have been. Where shares are issued upon the terms that any part of the price payable therefore is not payable at a fixed time the board of directors may from time to time make calls upon the shareholders in respect of any moneys unpaid on their shares, provided that no call shall be payable less than twentyeight days from the date fixed for the payment of the last preceding call, and each shareholder. Restrictions on appointment or advertisement of director.
The board would request from members their approval to fix the remuneration of the auditors. Appointment of directors to be voted on individually. In the matter of section 231 of the companies act, 1963 act 179 and noble mining ghana limited noble gold bibiani limited drilling and mining services limited the companies notice of an update regarding the scheme arrangement of the companies take notice that an update to creditors of the companies is provided herein. The companies act 2014 replaced the companies acts 1963 20 on 1st june 2015. The companies code 1963 act 179 regulations of hfc bank ghana limited 1 the name of the company is hfc bank ghana limited 2 the businesses which the company is authorized to carry on are. The companies code, 1963 act 179 ghana western christian heritage limited copy of a special resolution registered pursuant to section 176 of the companies code, 1963 at a general meeting of the abovenamed company held at office on the. Ghanaian president, nana addo dankwa akufoaddo, has assented to the new companies act replacing the 1963 version. Companies act, 1963 act 179, the securities industry act, 2016 act 929, and the unit trusts and mutual funds regulations, 2001 l.
As under the old companies act 1963, the new companies act 2019, act 992 gives the registrar the power to refuse or deny registration of a company name if said name is misleading or undesirable. Companies act 1963 sect 193 general duty to make disclosure for the purposes of sections 190, 191 and 192. Part ii incorporation of companies and matters incidental thereto 5. Search for library items search for lists search for contacts search for a library.
The directors means the directors for the time being of the company or the. The companies act, 2019 act 992 has been in the works since 2018 and replaces the companies act, 1963 act 179. Amendment of the companies act regulation, 2011 560kb pdf 20 august 20. One change that will be of particular interest to lenders and companies that borrow or give security will be the new regime introduced for the registration of charges.
The regulations in table a in the fourth schedule to the act shall not apply to the company. The links are to the irish statute book produced by the attorney generals website. The directors are responsible for ensuring that the group keeps proper accounting records that disclose with reasonable accuracy at any time the financial position of the group. Section 189 1 of the companies act, 1963 act 179 requires that at least one director of every company must be present at all times in ghana. Companies are advised to seek independent professional advice as you can submit an application after they see fit. Regulations required in the case of an unlimited company or company limited by guarantee. Arrangement of sections section part i preliminary 1. The companies act, 2019, act 992 was given assent to by the president of the republic of ghana on 2 august 2019 and it comes into force on the date of the assent. Reading the summary financial statements and the auditors report thereon, therefore, is not a substitute for reading the audited financial statements and the auditors report thereon. Address includes, without limitation, any number or address used for the purposes of communication by way of electronic mail or other electronic communication. This was after the new act was brought to him from parliament on friday, 2 nd august, after it was passed in may this year president akufoaddo made this known on saturday, 3 rd august, 2019, when he delivered the keynote address at the 1 st ghana. It is the first major remodelling of our company law since the 1963 act which itself substantially followed the uks 1948 act. Ghana has a new companies act the companies act 2019. Government publication, national government publication.
Companies act 1963 part i preliminary companies act 1963 sect 1 short title and commencement. Addressing the gathering, the president noted that since the enactment of the companies act act 179 of 1963, a statute inspired by the late, celebrated english jurist, professor l. The ghana investment promotion centre act, 1994 act 478 provides as. The new act which now repeals the companies act, 1963 act 179 becomes the law which will regulate the incorporation of companies.
Companies act 1963 act 179 section 21 effects of regulations 1 subject to the provisions of this code, the regulations, when registered, shall have the. The irish companies act 2014 the companies act 2014 was signed into law just before last christmas and is planned to be commenced in all material respects on 1 june 2015. Reliable information about the coronavirus covid19 is available from the world health organization current situation, international travel. Companies act 1963 act 179 section 21 effects of regulations 1 subject to the provisions of this code, the regulations, when registered, shall have the effect of a contract under seal between the company and its members and officers and between the members and officers themselves whereby they agree to observe and perform the. Numerous and frequentlyupdated resource results are available from this search.
This differs from the corresponding provision in the old companies act 1963 which only catered for private companies. May 03, 2005 download our ghana companies code 1963 act 179 pdf download ebooks for free and learn more about ghana companies code 1963 act 179 pdf download. Pdf directors duties under the 2019 ghanaian companies act. Amendment of the companies act regulation, 2011 102kb pdf 5 february 2014. When corporations deemed to be related to each other 6a. Companies act 2014 new procedures for registering charges. In this code, unless the context otherwise requires, the expressions defined in the first schedule hereto shall have the meanings assigned to them in that schedule. Construction of references in other acts to companies registered under the companies consolidation act, 1908. Reporting standards, the companies act, 1963 act 179 and banks and specialised deposittaking institutions act, 2016 act 930. Iage limited copy of a special resolution registered pursuant to section 176 of the companies code, 1963 regulations of. The act reforms, consolidates and amends the company law statutes applicable to irish companies, repealing the existing companies acts 1963 to 20 and thirty two pieces of law in total. Dissolution of companies and removal from register 83. Oct 02, 2011 classifications dewey decimal class 346.