GHANA OIL PALM DEVELOPMENT CORPORATION INSTRUMENT, 1975 (L.I 1000).

GHANA OIL PALM DEVELOPMENT CORPORATION INSTRUMENT, 1975 (L.I 1000). IN exercise of the powers conferred on the National Redemption Council by sections 1, 2 and 4 of the Statutory Corporations Act, 1964 (Act 232) this Instrument is made this 25th day of September, 1973.

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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 a hindrance.

3. Section 3—Objects of the Corporation

4. Section 4—Corporation to Conduct its Affairs on Sound Commercial Lines.

5. Section 5—The Board

6. Section 6—Qualifications and Tenure of Office of Members of the Board.

7. Section 7—Meetings of Board.

8. Section 8—Allowances Payable to Members of Board and Co-opted Members.

9. Section 9—Board to be in Control of Policy of Authority.

10. Section 10—Managing Director.

11. Section 11—Execution of Contracts, Etc.

12. Section 12—Staff of Corporation.

13. Section 13—Secretary of Corporation.

14. Section 14—Internal Auditor.

15. Section 15—Annual Budget of Corporation.

16.Section 16—Capital and Funds of Corporation.

17. Section 17—Depreciation Fund.

18.Section 18—Corporation to Pay Sums into Consolidated Fund.

19.Section 19—Borrowing Powers.

20. Section 20—Corporation to Keep Proper Books of Account.

21.Section 21—Financial Year of the Corporation.

22. Section 22—Audit.

23.Section 23—Annual Report, Etc.

24.Section 24—Commissioner’s Power of Direction and to Request Information.

25.Section 25—Bye-laws.

26.Section 26—Exemption from Taxes.

27. Section 27—Interpretation.

28. Section 28—Revocation.

1. Section 1—Establishment of Corporation.

2. Section 2—Compulsory Acquisition of property for Corporation where there is a hindrance.

3. Section 3—Objects of the Corporation

4. Section 4—Corporation to Conduct its Affairs on Sound Commercial Lines.

5. Section 5—The Board

6. Section 6—Qualifications and Tenure of Office of Members of the Board.

7. Section 7—Meetings of Board.

8. Section 8—Allowances Payable to Members of Board and Co-opted Members.

9. Section 9—Board to be in Control of Policy of Authority.

10. Section 10—Managing Director.

11. Section 11—Execution of Contracts, Etc.

12. Section 12—Staff of Corporation.

13. Section 13—Secretary of Corporation.

14. Section 14—Internal Auditor.

15. Section 15—Annual Budget of Corporation.

16.Section 16—Capital and Funds of Corporation.

17. Section 17—Depreciation Fund.

18.Section 18—Corporation to Pay Sums into Consolidated Fund.

19.Section 19—Borrowing Powers.

20. Section 20—Corporation to Keep Proper Books of Account.

21.Section 21—Financial Year of the Corporation.

22. Section 22—Audit.

23.Section 23—Annual Report, Etc.

24.Section 24—Commissioner’s Power of Direction and to Request Information.

25.Section 25—Bye-laws.

26.Section 26—Exemption from Taxes.

27. Section 27—Interpretation.

28. Section 28—Revocation.

Section 1

Section 1. Establishment of Corporation.

There is hereby established a body corporate to be known as the Ghana Oil Palm Development Corporation in this Instrument referred to as the “Corporation”.

Section 2

Section 2. Compulsory Acquisition of property for Corporation where there is a hindrance.

Where there is any hindrance to the acquisition by the Corporation of any property in pursuance of its powers under section 3 of the Statutory Corporations Act, 1964 (Act 232), 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 OIL PALM DEVELOPMENT CORPORATION INSTRUMENT, 1975 (L.I 1000).

Section 1. Establishment of Corporation.

Section 2. Compulsory Acquisition of property for Corporation where there is a hindrance.

GHANA OIL PALM DEVELOPMENT CORPORATION INSTRUMENT, 1975 (L.I 1000).

Section 1. Establishment of Corporation.

Section 2. Compulsory Acquisition of property for Corporation where there is a hindrance.