3. Under the Companies Act of 2019 (Act 992), infants and people who are of unsound...

 

Transcribed Image Text:

3. Under the Companies Act of 2019 (Act 992), infants and people who are of unsound mind are not allowed to participate in the formation of a company. Explain the reason for this position of the law. 4. In Ghana, a Body Corporate refers to an organisation that is incorporated under the Companies Act of 2019 (Act 992). Outline the characteristics of an organisation which has been incorporated. 5. What is meant by the Object of Business of a Company? Mention 2 items that will not be approved by the Registrar General as objects of business of a prospective company and explain why they will not be approved. 6. Explain the difference between a Private limited liability company and a Public limited liability company. 3. Under the Companies Act of 2019 (Act 992), infants and people who are of unsound mind are not allowed to participate in the formation of a company. Explain the reason for this position of the law. 4. In Ghana, a Body Corporate refers to an organisation that is incorporated under the Companies Act of 2019 (Act 992). Outline the characteristics of an organisation which has been incorporated. 5. What is meant by the Object of Business of a Company? Mention 2 items that will not be approved by the Registrar General as objects of business of a prospective company and explain why they will not be approved. 6. Explain the difference between a Private limited liability company and a Public limited liability company.

Answer rating: 100% (QA)

3 The reason for this position of the law is to protect infants and people who are of unsound mind f... View the full answer