The Registrar General, Jemima Oware, has requested of clients of collapse fund management companies to provide her outfit her with evidence of misconduct by former directors of the affected companies, in order to carry out some legal action.
According to her, this has been necessitated by petitions from participants in the ongoing creditor meetings for the official liquidator to investigate main individuals responsible for the collapse of the companies they invested their funds in.
Speaking in an interview, Mrs. Oware noted that the inquiry and succeeding prosecution of ex-officials of the collapsed companies can be fast-tracked if the clients provide her office with incriminating evidence.
“Of course, I’ve told them, with the kind of asset base that I have, if they know of anybody, any of the directors who’s hidden assets or siphoned funds, they can assist the official liquidator. And with that whatever investigations we carry out, if there’s any fraud we’ll hand them over to the Attorney General for prosecution. But I need information.”
She further stressed on the need for affected clients to exercise restraints as the modalities for the roll out of the bailout package will unravel in due course.
“It became clear during the early creditor meetings that they were more interested in when they will receive their funds. But we made them understand that we would be having some class meetings after the creditor meetings for all the investors where we will spell out what the bailout package will be.”
Meanwhile, the Registrar-General has announced new changes to the processes and procedures of registering companies in the country to promote government’s efforts at improving the ease of doing business in Ghana.
She stated that the E- Registrar software application has finally been upgraded in accordance with the new Companies Act, 2019, (Act 992).
Commenting on the processes and requirement, she indicated that, starting from September 28, 2020, members of the business community who wish to register new companies would have to visit the Department’s website and download the new prescribed Forms and complete them appropriately for the six types of Company registration.
“There would be no need to fill a Form 4 and the Regulations for the incorporation of a company. The new Prescribed Forms uploaded on the website encompasses every detail that would have been filled in the previous Forms for the six types of Companies.
“Now we have made it easier, we have Constitutions to replace Regulations for all Companies. One can just adopt Schedules 2, 3 or 4 of Act 992 which represents the Constitution for a Private Company Limited by Shares, a Public Company Limited by Shares and a Private Company Limited by Guarantee respectively. All of these Schedules are available on the website as your Constitutions to be adopted together with the different Prescribed Forms for the different types of Companies”.
