BODIES CORPORATE (OFFICIAL LIQUIDATIONS) ACT - 1963 (ACT 180)

Section - 62 - Application to ForeignBodies Corporate

(1) A body corporate incorporated outside Ghana may be wound up under this Act notwithstanding that it has been dissolved or otherwise ceased to exist under or by virtue of the laws of the country under which it was incorporated.

(2) Where an order is made for the official winding up of a body corporate incorporated outside Ghana the Court may, if it thinks fit, either in the winding up order or on subsequent application by the liquidator, direct that the branch of such body corporate in Ghana shall be treated as a separate body corporate and that only the assets and liabilities situate in Ghana shall be deemed to be the assets and liabilities thereof, and may further direct that all transactions by or with such branch shall be deemed to be validly done notwithstanding that they occurred after the date when the body corporate was dissolved or otherwise ceased to exist under or by virtue of the laws of the country under which it was incorporated.