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Modern Principles of Company Law in Ghana
This book is a reference book that comprehensively covers the relevant top of company law in Ghana. With the passage of the new Companies Act, 2009 (Act 992), there is a need to have a book that comprehensively explains the principles of company law. This book covers many distinct parts of company law.
The first part deals with an introduction to Company Law and companies Even though the book is on company law, the second chapter talks about other entities through which business can be undertaken or through which objects can be pursued. These entities include Sole Proprietorship, Partnership, Building Societies, Cooperative Societies, Incorporated Trust, Statutory Corporation and Non-Governmental Organisation under the proposed Non-Governmental Organisation Bill, 2018 and 2022. Chapter 3 also comes under the first part, which is an introduction to a company, requirements for the formation of a company and the types of companies that can be incorporated and registered in Ghana. Chapters 4 and 5 deal with the constitution of a company, which under the repealed Act 179 is the regulations of a company, and the role of the promoter respectively.
The second part deals with company law concepts, most of which were developed under common law and are now given statutory backing. It covers principles on pre-incorporation contract, ultra vires and capacity of a company, corporate veil and the presumption of regularity.
The third part covers governance issues, including membership, general meetings, directors, Company Secretary and auditors.
This is followed by the fourth part, which deals with raising capital for companies, including principles relating to shares and debentures, restructuring or reorganisation, and rules relating to public companies.
The last part deals with remedies available for corporate maladministration and liquidations. A new introduction in Ghana, the concept of administration of financial distress companies under the Corporate Insolvency and Restructuring Act, 2020 (Act 1015) and its amendment are also dealt with. The last chapter provides an overview of the requirements for a company to keep books of accounts and prepare financial statements.
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Contemporary Trends in the Law of Immovable Property in Ghana
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The Alchemy of Social Justice: Directive Principles of State Policy
FREEDOM AND JUSTICE: These twin concepts encapsulate the Ghanaian Dream which is the overarching national manifesto in aid of a project to transform the Ghanaian political State into a free and just society. The object of the transformation is to secure social order through the institution of social justice which, when fueled or energised by patriotism and charity, creates the enabling environment for security and development.
Political philosophy, in the context of the DPSP, attempts to answer the question as to what the best society for the people of Ghana is. The framers of the Constitution, 1992 answered the question through the provision of the DPSP. For their part, in interpreting and applying the DPSP, the Judiciary must perpetually answer the political philosophical question whether they are in the business of helping to realise a free and just society.
The society envisaged is the subjective meaning of the political state, the subjective meaning of the relation between the citizen and the political state, and the subjective meaning of freedom and justice as perceived by the citizens of the State. The society is ideational; it has the potential to be attitudinal. In a sense, the State can be visualised as the physical edifice of a symbolic society. The nature of the subjective meaning as perceived by the citizens in the form of a virtual society determines the health of the political state; and one of the main purposes of the DPSP is to control and determine the nature of the virtual society.
The author’s three approaches to the DPSP depend on the question that the interpreter poses and seeks to answer. The theoretical approach involves freewheeling and fundamental questions that are unrestricted by any enactment or fact situation; the legal approach poses a question that is tethered to an enactment and is, in that regard, restricted by the meaning and context of the relevant enactment; and, the strategic approach deals with society-dependent questions involving a particular fact situation (an event) and an enactment.
The author suggests that the term enforceability be reserved for the fact that the principle is binding and worthy or deserving of a judicial declaration; that the possibility of molding orders following the declaration is a question of justiciability; and that the term justiciability should be reserved for non-enforcement on account of prudence in the design of orders.
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