Reference no: EM132532543

(a) With the aid of decided cases and relevant statutory provisions, explain the concept of ratification of pre-incorporation contracts. Compare and contrast the Ghanaian position with the common law position.

(b) Perseus Mining is an incorporated company which provides support services to companies in the Oil & Gas Industry. PwC, the current auditors were appointed on the 20th of April 2015 for a period of 5 years ending 20th April 2020. At the AGM of the company held on the 25th of April 2020, PwC was re-appointed as auditors of the firm for another 5-year term effective the date of the appointment. Ralph Lauren, a shareholder alleges that the reappointment of PwC will give the auditors a 10-year tenure in contravention with the provisions of the companies Act, 2019, Act 992. Advice Ralph Lauren

(c) Miss Anne Klein holds a Higher National Diploma (HND) in Secretaryship and Management studies from the Accra Technical University. The directors of Perseus Mining are contemplating on appointing her as the Company Secretary. Miss Anne Klein has never held office as a Company Secretary but seem to have a good understanding of the Companies Act 2019 (Act 992). The directors of Perseus Mining have come to you for advice whether the company can appoint Miss Anne since her academic qualification do not include a course offering in Company law and administration. Advice the directors.

(d) Distinguish between dissolution after winding up and dissolution without full winding up.