AG must urgently bring an amendment of the Companies Act 2019

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Members of Parliament have acknowledged an error in the passage of the Companies Act 2019, specifically in a section that stipulates a person charged with an offense is ineligible to be a company director. The Supreme Court, in response to a constitutional challenge filed by lawyer Derick Adu-Gyamfi, declared this section inconsistent with the 1992 Constitution and consequently struck it down.

 

Derick Adu-Gyamfi’s constitutional matter sought the removal of certain subsections of the Companies Act, arguing that they were unconstitutional and violated principles such as fair hearing. The Supreme Court’s judgment prompted a reflection on the part of Members of Parliament, who admitted to the error and expressed a commitment to rectify it.

 

The Member of Parliament for Tamale South, Haruna Iddrisu, acknowledged the mistake in the Act and urged the Attorney General to promptly present an amendment to Parliament for discussion and approval. Haruna Iddrisu emphasized the need to correct the error in the company’s code.

 

His call for amendment was echoed by the MP for Dome-Kwabenya, Sarah Adwoa Safo, who concurred with the Supreme Court’s ruling and urged the Attorney General to bring forward a proposed bill to address the specific section of the Companies Act that had been deemed unconstitutional by the court.

 

Source:Omanghana.com


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