Registrar-General to meet creditors of defunct FMCs

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The Registrar-General’s Department, the Official Liquidator of the 53 defunct fund management companies will on March 11, 2021, hold a Virtual First Creditors meeting.

A statement by the Official Liquidator noted that a Virtual Class Meeting will be held on March 12, 2021, from 9:00 am to 11:00 am for investors of fund management companies only.

The Securities and Exchange Commission (SEC), acting in accordance with Section 122 (2) (b) of the Securities Industry Act 2016, (Act 929) (SIA) revoked the licenses of 53 Fund Management Companies (FMCs) in 2019.

Pursuant to applications by the Registrar of Companies, an order was given for the official winding up of the companies attached below.

The SEC said the affected companies failed to return client funds which remained locked up in, contravention of the investment rules.

Click the link to join
https://zoom.us/j/95024582509?pwd=OXh4MlhKb2kxOWtoa0V1TEV3dXZWZz09
Meeting ID: 950 2458 2509
Passcode: 93JSTn

Click the link below to check companies on the creditors meeting

UPDATED 1ST CREDITORS MEETING 6 fund management companies

Source: Ghana/Starrfm.com.gh/103.5FM

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