The Incorporated Private Partnerships Act, 1962
Section 38:
(1) An assignment by any partner of his interest in the firm, either absolute or by way of a charge, shall not, as against the other partners, entitle the assignee to interfere in the management or administration of the firm or to require any accounts of the firm's transactions or to inspect the partnership books, but shall entitle the assignee only to receive the share of profits to which the assigning partner would otherwise be entitled, and the assignee shall accept the account of profits agreed to by the partners.
(1) An assignment by any partner of his interest in the firm, either absolute or by way of a charge, shall not, as against the other partners, entitle the assignee to interfere in the management or administration of the firm or to require any accounts of the firm's transactions or to inspect the partnership books, but shall entitle the assignee only to receive the share of profits to which the assigning partner would otherwise be entitled, and the assignee shall accept the account of profits agreed to by the partners.
(2) In the event of the assigning partner ceasing to be a partner in the firm the assignee shall be entitled to receive the amount which the assigning partner or his estate would be entitled to receive as between himself and the other partners and, for the purpose of ascertaining that amount, to an account as from the date of his ceasing to be a partner.
Procedure to Follow
1. Applicant may purchase and complete Form A for Incorporation of Partnership from the in-house bank or Download
2. Provide stamped Partnership agreement at Land Valuation Board
3. Submit filled forms at the Partnership Registration Counter for Verification and Capturing or via Online
4. Pay processing fee of GHS160.00 at the in-house bank or via Online
5. Registrar Examines, Approves & Issues Certificate of Incorporation As well as CERTIFIED TRUE COPY(CTC) of Form B
6. File Annual Returns at Fifty Ghanaian Cedi(GHS 50) together with Audited Account...
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
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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