Understand the legal framework governing companies, partnerships, and financial institutions in Ghana, alongside core revenue law principles.
Revenue and Business Law gives CITG candidates the legal grounding to advise clients on the structure of their business, their legal obligations, and the revenue law framework. A tax adviser who understands company law, partnership law, and financial regulation is better equipped to identify tax planning opportunities and risks. The paper covers the Ghana Companies Act, director and shareholder duties, corporate restructuring, banking and insurance law, and the fundamental principles of revenue law including tax avoidance and evasion.
Incorporation under the Companies Act, company types, regulations, promoters, and pre-incorporation contracts.
The separate legal entity principle, limited liability, ultra vires doctrine, and lifting the veil of incorporation.
Share types, class rights, transfer and redemption, debentures, fixed and floating charges, and priorities.
Appointment, powers, duties and liabilities of directors; majority rule; minority shareholder protections.
Types of meetings, notice requirements, ordinary and special resolutions, and the conduct of meetings.
Voluntary and compulsory winding up, duties of liquidators, proof of debt, and corporate reconstruction.
Partnership formation, relationship between partners, cessation of membership, and winding up.
Tax jurisdiction, income concepts, general anti-avoidance rules, and the distinction between planning and evasion.
Law questions must follow the IRAC method: Issue, Rule, Application, Conclusion. State the relevant legal principle, apply it precisely to the facts given, and state a clear conclusion. Vague answers that don't reference specific rules score poorly.
Tax Lawyer
Company Secretary
Compliance Officer
Corporate Finance Adviser
Transaction Tax Specialist
Join hundreds of CITG students at Profs Training Solutions. HD video lectures, AI-powered practice, live classes, and a 92% first-attempt pass rate.
Initializing StudyMate