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- 1 Marks
BL – May 2022 – L1 – SA – Q8 – Company Law
Identify which entity may not appoint a company secretary.
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- Tags: Appointment, Company Law, Company Secretary
- Level: Level 1
- Topic: Company Law
- Series: MAY 2022
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- 8 Marks
BL – May 2016 – L1 – SB – Q5a – Company Law
Identify eligible persons for company secretary and outline duties, along with advice on misuse of company resources.
Question
Natural persons run the business of companies, and the principal officers manage them.
You are required to state:
i. TWO persons that could be appointed Secretary of a public company. (2 Marks)
ii. THREE specific duties of a Company Secretary. (3 Marks)
iii. Mr Okoruma, a flamboyant person, is the Company Secretary of Lukka Company Plc. He hired expensive cars in the name of the company, which he used for his personal purposes. The board has refused to pay the debts incurred by Mr. Okoruma for the car hire.
Required:
Advise Mr. Okoruma. (3 Marks)
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- Tags: Appointment, Company Secretary, Corporate Governance, Duties
- Level: Level 1
- Topic: Company Law
- Series: MAY 2016
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- 10 Marks
BL – MAY 2016 – L1 – SB – Q1c – Company Law
This question addresses the minimum number of directors required, their appointment process, and the powers exercised at a general meeting.
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- Tags: Appointment, Company Directors, Company Law, Powers
- Level: Level 1
- Topic: Company Law
- Series: MAY 2016
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- 10 Marks
BCL – Nov 2020 – L1 – Q3d – Company Directors and Other Officers
Assess the validity of a director’s appointment and identify possible remedies.
Question
Asamoah is a board member of Darling Company Ltd, a limited liability company with 5% shareholding by the Ghana Government. Asamoah was appointed to the board three years ago by the Founder/Executive Chairman.
Kofi Mintah, the Founder/Executive Chairman, and majority shareholder of the company, in accordance with the regulations, shall appoint five of the nine-member board. Two of the board members represent workers groups and the other two come from other shareholders including the government. Asamoah consented in writing to his appointment but the Minister of Information just announced the revocation of Asamoah’s appointment to the board. Kofi Mintah called Asamoah to inform him that the government’s announcement was null and void and should be ignored.
Required:
i) Explain whether the Minister of Information was justified in nullifying the appointment of Asamoah. (6 marks)
ii) What TWO (2) remedies, if any, are available to Asamoah in the circumstance of the case? (4 marks)
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- Tags: Appointment, Company Law, Directors, Remedies, Shareholders
- Level: Level 1
- Topic: Company directors and other officers
- Series: NOV 2020
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- 1 Marks
BL – May 2022 – L1 – SA – Q8 – Company Law
Identify which entity may not appoint a company secretary.
Find Related Questions by Tags, levels, etc.
- Tags: Appointment, Company Law, Company Secretary
- Level: Level 1
- Topic: Company Law
- Series: MAY 2022
Report an error
- 8 Marks
BL – May 2016 – L1 – SB – Q5a – Company Law
Identify eligible persons for company secretary and outline duties, along with advice on misuse of company resources.
Question
Natural persons run the business of companies, and the principal officers manage them.
You are required to state:
i. TWO persons that could be appointed Secretary of a public company. (2 Marks)
ii. THREE specific duties of a Company Secretary. (3 Marks)
iii. Mr Okoruma, a flamboyant person, is the Company Secretary of Lukka Company Plc. He hired expensive cars in the name of the company, which he used for his personal purposes. The board has refused to pay the debts incurred by Mr. Okoruma for the car hire.
Required:
Advise Mr. Okoruma. (3 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Appointment, Company Secretary, Corporate Governance, Duties
- Level: Level 1
- Topic: Company Law
- Series: MAY 2016
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- 10 Marks
BL – MAY 2016 – L1 – SB – Q1c – Company Law
This question addresses the minimum number of directors required, their appointment process, and the powers exercised at a general meeting.
Find Related Questions by Tags, levels, etc.
- Tags: Appointment, Company Directors, Company Law, Powers
- Level: Level 1
- Topic: Company Law
- Series: MAY 2016
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- 10 Marks
BCL – Nov 2020 – L1 – Q3d – Company Directors and Other Officers
Assess the validity of a director’s appointment and identify possible remedies.
Question
Asamoah is a board member of Darling Company Ltd, a limited liability company with 5% shareholding by the Ghana Government. Asamoah was appointed to the board three years ago by the Founder/Executive Chairman.
Kofi Mintah, the Founder/Executive Chairman, and majority shareholder of the company, in accordance with the regulations, shall appoint five of the nine-member board. Two of the board members represent workers groups and the other two come from other shareholders including the government. Asamoah consented in writing to his appointment but the Minister of Information just announced the revocation of Asamoah’s appointment to the board. Kofi Mintah called Asamoah to inform him that the government’s announcement was null and void and should be ignored.
Required:
i) Explain whether the Minister of Information was justified in nullifying the appointment of Asamoah. (6 marks)
ii) What TWO (2) remedies, if any, are available to Asamoah in the circumstance of the case? (4 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Appointment, Company Law, Directors, Remedies, Shareholders
- Level: Level 1
- Topic: Company directors and other officers
- Series: NOV 2020
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