The Companies Act, 2019 ( ACT 992)
Section 198: (1) A director of a company who has information in the capacity of that director as a director or employee of the company, being information that would not otherwise be available to that director, shall not disclose that information to any person, or make use of or act on the information, except
(a) for the purposes of the company;
(b) as required by law;
(c) in accordance with subsection (2); or
(d) in any other circumstances
(i) authorised by the constitution of that company; or
(ii) approved by the company by a written resolution
circulated to all the members and signed by three fourths of all members entitled to attend and vote on the resolution at a general meeting; or
(iii) approved by the company by an ordinary resolution of the company passed at a general meeting at which neither the director concerned, nor the holder of any share in which the director is beneficially interested, directly or indirectly, has voted as member on the resolution or where the holder has voted and the vote is not counted.
(2) The approval under subparagraph (iii) of paragraph (d) may be given before or after the occurrence of the transaction to which the approval relates.
(3) The Board may authorise a director to disclose, make use of, or act on information where the board is satisfied that to do so is not likely to affect the company.
(4) A director of a company may, if authorised by the Board under subsection (3), disclose information to
(a) a person whose interests the director represents; or
(b) a person in accordance with whose directions or instructions the
director may be required or is accustomed to act in relation to the powers and duties of the director, subject to the director entering the particulars of the authorization and the name of the person to whom the information is disclosed in the Interests Register.
(5) Any monetary gain made by a director from the use of information which a director has in the capacity of that director as a director shall be accounted for to the company.
Procedure to Follow
1. Applicant may purchase a set of Limited Liability Forms from the in-house bank or via download
2. Provide Consent letter from certified auditor by the Institute of Chartered Auditors and must be registered as a Sole Proprietor/Partnership
3. Form 3 must be witnessed by Commissioner for Oaths/Notary Public/Self-Declared
4. A minimum of two directors is required. Each must submit Statutory Declaration & Consent Letter with the registion Form
5. Submit filled forms at the Company Registration Counter for Verification and Capturing or via Online
6. Pay two hundred and thirty Ghanaian Cedi (GHS 230) for Incorporation or via Online Also Filing fee of Fifty Ghanaian Cedi (GHS 50) and 0.5% stamp duty on stated capital at the in-house bank or via Online Registrar Examines, Approves & Issues : Certificate of Incorporation Certified Copy(CTC) of Standard/Registered Constitution of the Company Certified Copy(CTC) of Form 3 File Annual Returns at Fifty Ghanaian Cedi(GHS 50) together with Audited Account
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Responsible Institution
- Email: info@rgd.gov.gh
- Website: https://www.rgd.gov.gh
- GPS: GA-143-4647
- Telephone: +233 302 664 691-93
Relevant Forms to Download
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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