The Companies Act, 2019 ( ACT 992)
Section 325: Subject to sections 172 to 176 and sections 326 and 327and except as otherwise provided in a registered constitution of a company, the following rules shall apply to the retirement and appointment of directors of a public company:
(a) at the first annual general meeting of the company every director shall retire from office, and at the annual general meeting in every subsequent year one-third of the directors for the time being Of, if the number of directors is not three or a multiple of three, then the nu mber nearest one-third, shall retire from office;
(b) the directors to retire in every year shall be those who have served longest in office since their last election, but, as be- tween persons who became directors on the same day those to retire shall, unless the directors otherwise agree among themselves, be determined by lot;
(c) a director appointed to the office of managing director shall not, while holding that office, be subject to retirement by rotation or be taken into account in determining the rota- tion of retirement of directors;
(d) a retiring director is eligible for re-election;
(e) the company, at the annual general meeting at which a di- rector retires as provided in this section, may fill the va- cated office by electing a person to that office, and in de- fault the retiring director sball, if offering to stand for re- election, be deemed to have been re-elected unless at the meeting it is expressly resolved not to fill the vacated office or unless a resolution for the re-election of the director has been put to the meeting and lost;
(f) a person is not eligible for election to the office of director unless not less than three days and not more than twenty- eight days before the date appointed for the general meeting, a notice in writing
(i) of the intention to propose that person for election, signed by a member entitled to attend and vote at the meeting; and
(ii) of the consent to be elected as a director, signed by the person proposed, is lodged at the registered office of the company; and
(g) on an increase or a decrease in the number of directors, the company may, by ordinary resolution determine in what rotation the increased or decreased number is to retire from office.
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
- 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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