Quiz on Qualification of Directors in Ghana

1. A person who has been disqualified to act as an auditor of a company is automatically disqualified for appointment as director for a period of five years.

2. The Constitution of Legum provides that a person intending to be a director must have at least 2 shares in the company. Under Act 992, ……………………….

3. Under section 177(2) of Act 992, all the following class of persons are automatically disqualified from being a director of a company for a period of five years, except

4. A person who has been disqualified to act as receiver of a company is not automatically disqualified for appointment as director for a period of five years.

5. Under Act 992, no positive qualification criteria is provided for a person to be a director

6. An undischarged bankrupt can become a director of a company…

7. The year is 2024. In 2023, Takashi Ltd, a company where Ferdinand was a senior executive, became insolvent partly because of Ferdinand’s culpable activities. What is the legal effect of this?

8. Which of the following disqualification criteria is not absolute under section 173?

9. A person who has been disqualified to act as a liquidator of a company is automatically disqualified for appointment as director for a period of five years.

10. Immanuel is under investigation by the Economic and Organised Crime Office (EOCO) following allegations that he was convicted in the UK for an offence involving insider dealing. The effect of this under Act 992 is that………………..

11. A person who has been disqualified to act as a manager of a company is automatically disqualified for appointment as director for a period of five years.

12. The year is 2024. In 2023, Kofi Abotsi was convicted of an offence relation to the promotion of a company. He is……………

13. All the following persons are disqualified from being a director under Act 992 except:

14. Under section 173 of Act 992, an infant is not qualified to be appointed or to act as a director. An infant, per Act 992, is

15. A person who has been disqualified to act as company secretary is automatically disqualified for appointment as director for a period of five years.

16. After a person is automatically disqualified from being a director for a period of five years under section 177(2), the court can make an order further disqualifying the person for a specified period.

17. All the following classes of persons are not automatically disqualified from being, except……………..

18. A person may be prohibited from being a director or promoter of a company by a court order

19. Contrary to the code of ethics of the Ghana Bar Association (GBA), Lawyer Dokurugu had sexual relations with his client. Following a disciplinary inquiry, he was debarred by the GBA. He can be a director of a company.

20. Two years ago, Ziyaad was adjudged bankrupt in China and his Lawyer, Miss Rosenthal, informed him that per section 177(2) of Act 992, he is automatically disqualified from being a director for a period of five years. Do you agree?

21. One of the persons prohibited from being a director under section 173 is “a person who is prohibited from being ……………………………………. as a result of an order made under section 177 so long as the order remains in force unless leave to act as director has been granted by the Court in accordance with that section.

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