Abstract:
Except where otherwise provided, the provisions of this Code shall apply to all
companies formed in Ghana, whether before or after the commencement of this Code,
under the provisions of the Companies Ordinance, (Cap. 193) or this Code.
Description:
An incorporated company may be,
(a) a company limited by shares, that is a company having the liability of its members limited to
the amount, unpaid on the shares respectively held by them, or
(b) a company limited by guarantee, that is a company having the liability of its members
limited to the amount that the members may respectively undertake to contribute to the assets
of the company in the event of its being wound up, or
(c) an unlimited company, that is a company not having a limit on the liability of its members.