GHANA FILM INDUSTRY CORPORATION INSTRUMENT, 1971 (L.I 679).

GHANA FILM INDUSTRY CORPORATION INSTRUMENT, 1971 (L.I 679). IN exercise of the powers conferred on the President by sections 1, 2 and 4 of the Statutory Corporations Act, 1964 (Act 232), this Instrument is made this 27th day of February, 1971.

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Table of Content

1. Section 1—Establishment of Corporation.

2. Section 2—Compulsory Acquisition of Property for Corporation where there is Hindrance.

3. Section 3—Objects.

4. Section 4—Corporation to ensure Reasonable Return on Its Capital.

5. Section 5—The Board.

6. Section 6—Qualifications and Vacation of Office of Members of Board Etc.

7. Section 7—Remuneration of Board Members.

8. Section 8—Meetings of the Board.

9. Section 9—Board to be in Control of General Policy of Corporation.

10. Section 10—Execution of Contracts Etc.

11. Section 11—Staff of Corporation.

12. Section 12—Secretary of Corporation.

13. Section 13—Internal Auditor.

14. Section 14—Capital and Funds of Corporation.

15. Section 15—Staff Welfare Fund.

16. Section 16—Depreciation Fund.

17. Section 17—Corporation to Pay Sums into Consolidated Fund.

18. Section 18—Borrowing Powers.

19. Section 19—Corporation to Keep Proper Books of Account.

20. Section 20—Financial Year of Corporation.

21. Section 21—Audit.

22. Section 22—Annual Report, Etc.

23. Section 23—Minister’s Power of Direction.

24. Section 24—Bye-laws or Other Instruments.

25. Section 25—Exemption from Taxes, Etc.

26. Section 26—Interpretation.

27. Section 27—Dissolution of Former Corporation and Transfer of its Assets and Liabilities.

1. Section 1—Establishment of Corporation.

2. Section 2—Compulsory Acquisition of Property for Corporation where there is Hindrance.

3. Section 3—Objects.

4. Section 4—Corporation to ensure Reasonable Return on Its Capital.

5. Section 5—The Board.

6. Section 6—Qualifications and Vacation of Office of Members of Board Etc.

7. Section 7—Remuneration of Board Members.

8. Section 8—Meetings of the Board.

9. Section 9—Board to be in Control of General Policy of Corporation.

10. Section 10—Execution of Contracts Etc.

11. Section 11—Staff of Corporation.

12. Section 12—Secretary of Corporation.

13. Section 13—Internal Auditor.

14. Section 14—Capital and Funds of Corporation.

15. Section 15—Staff Welfare Fund.

16. Section 16—Depreciation Fund.

17. Section 17—Corporation to Pay Sums into Consolidated Fund.

18. Section 18—Borrowing Powers.

19. Section 19—Corporation to Keep Proper Books of Account.

20. Section 20—Financial Year of Corporation.

21. Section 21—Audit.

22. Section 22—Annual Report, Etc.

23. Section 23—Minister’s Power of Direction.

24. Section 24—Bye-laws or Other Instruments.

25. Section 25—Exemption from Taxes, Etc.

26. Section 26—Interpretation.

27. Section 27—Dissolution of Former Corporation and Transfer of its Assets and Liabilities.

Section 1

Section—1. Establishment of Corporation.

There is hereby established a body corporate to be known as the Ghana Film Industry Corporation in this Instrument referred to as "the Corporation".

Section 2

Section—2. Compulsory Acquisition of Property for Corporation where there is Hindrance.

Where there is any hindrance to the acquisition by the Corporation of any property, the property may be acquired for the Corporation under the State Property and Contracts Act, 1960 (C.A. 6) or as the case may be, under the State Lands Act, 1962 (Act 125), and each such Act shall, as the case may be, apply in relation to any such acquisition with such modifications as may be necessary to provide for the vesting of the property acquired thereunder in the Corporation and for the cost of such acquisition to be defrayed by the Corporation.

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GHANA FILM INDUSTRY CORPORATION INSTRUMENT, 1971 (L.I 679).

Section—1. Establishment of Corporation.

Section—2. Compulsory Acquisition of Property for Corporation where there is Hindrance.

GHANA FILM INDUSTRY CORPORATION INSTRUMENT, 1971 (L.I 679).

Section—1. Establishment of Corporation.

Section—2. Compulsory Acquisition of Property for Corporation where there is Hindrance.