COMPANIES ACT - 1963 (ACT 179)

    Section - 311 - Notification of Winding Up of External Company

    (1) Where, in the case of an external company,

    (a) a winding up order is made by a court of the country in which the company is incorporated,

    (b) a resolution is passed or other appropriate proceedings are taken in that country to lead to the voluntary winding up of the company, or

    (c) the company is dissolved or otherwise ceases to exist according to the law of the country in which it was incorporated,

    the local managers and process agents of the company shall, within twenty-eight days thereafter cause notice thereof in the prescribed form to be given to the Registrar who shall register the same and cause the particulars contained therein to be published in the Gazette.

    (2) Where any such events have occurred as are referred to in paragraph (a) or (b) of subsection (1) of this section the local managers of the company shall, on every invoice, order or business document on or in which the company's name appears, cause a statement to appear in legible letters to the effect that the company is being wound up in the country where it is incorporated.

    (3) If any person shall in Ghana carry on, or purport to carry on, business on behalf of the company after the date on which it was dissolved or has otherwise ceased to exist in the country in which it was incorporated he shall be liable to a fine not exceeding five pounds for each day during which he continues so to do.

    (4) Nothing in this section contained shall derogate from the provisions of the Bodies Corporate (Official Liquidations) Act, 1963 (Act 180), enabling an external company, whether or not it has been dissolved or has otherwise ceased to exist according to the law of the country in which it was incorporated, to be wound up under that Act.