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The Companies Act, 2019 ( ACT 992)

Section 309:  (1)  For  the  purposes   of  this  Act,  "waiting   period"   means  a period  of twenty-one   days  after  the  first  publication   of a registered prospectus   or a longer  period  that  is stated  in the  prospectus   as the period before the expiration  of which  applications,  offers or acceptances in response  to the prospectus will not be accepted or treated  as binding.

(2) For the purposes  of subsection  (1),

(a)   where  the  shares  or  debentures   to  which  the  invitation relates  are  dealt  in  on  a stock  exchange   or  where  the prospectus  states that application  has been or will be made for permission to deal in the shares or debentures on a stock exchange,  and

(b)   to comply with the requirements  of that stock exchange  it is necessary to advertise the prospectus in one or more daily newspapers  of national  circulation,

 

 

250


 
 

 

then unless the prospectus  is advertised  there has not been a publication of the prospectus.

(3) A binding contract  or legally enforceable  obligation  shall not be entered into in response  to an invitation to the public in respect of the shares or debentures  of a public company  until after the expiration  of the offer  period,  and  an  application,   offer  or  acceptance   by  a person  in response  to the invitation  is revocable by that person  at any time before the expiration   of the offer period.

(4) Subsection   (3) does not  invalidate  a genuine  underwriting agreement  in respect  of those  shares  or debentures.

 

Subject : Registration of Business  

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
Online System

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Fees/ charges

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