GHANA PRECISION METALS CORPORATION ACT - 1977 (SMCD 105)

    Section - 10 - Use of Seal of the Corporation.

    (1) The use of the seal of the Corporation shall be authenticated by two signatures, namely:-

    (a) the signature of the Managing Director or some other member of the Board authorised by the Board to authenticate the application of the seal, and

    (b) the signature of the Secretary or some other officer of the Corporation authorised by the Board to act in the Secretary's place for that purpose.

    (2) The Corporation may by instrument in writing under its common seal empower any person either generally or in respect of any specific matters as its attorney, to execute deeds on its behalf in any place outside Ghana; and every deed signed by such attorney on behalf of the Corporation and under his seal, shall be binding on the Corporation and have the same effect as if it were under the common seal of the Corporation.

    (3) Any instrument or contract which, if executed or entered into by a person other than a body corporate would not require to be under a seal may be executed or entered into on behalf of the Corporation by the Managing Director or any member of the Board if such person has previously been authorised by a resolution of the Board to execute or enter into that particular instrument or contract:

    Provided that if the Corporation thinks fit it may by writing under its common seal appoint any person outside Ghana as agent to execute or enter into the instrument and the instrument or contract if entered into on behalf of the Corporation shall have effect as if it had been duly executed or entered into as prescribed for the purpose of this subsection.

    (4) Every document purporting to be an instrument executed or issued by or on behalf of the Corporation and to be:-

    (a) sealed with the common seal of the Corporation authenticated in the matter provided by subsection (1) of this section; or

    (b) signed by and under the seal of a person appointed as attorney under subsection (2) of this section; or

    (c) signed by the Managing Director or by a member of the Board or other person authorised in accordance with subsection (3) of this section to act for that purpose,

    shall be deemed to be executed or issued until the contrary is known.

    (5) The provisions of this section shall have effect subject to the provisions of section 9 of this Decree and section 12 of the Contracts Act, 1960 (Act 25).