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The Registrar General will begin its engagements today with another group of investors from defunct fund management firms.
The creditor meetings will provide the Secretary General the opportunity to review the concerns of these investors.
Upon finalizing these commitments, Jemima Oware said it will provide the department with the opportunity to initiate another payment process for the clients of the remaining eight fund management firms.
“From November 25 to 26, [Jemima Oware] hold creditors’ meetings and class meetings. The first, on the 25th, I will hold creditors’ meetings for the eight companies. [defunct fund management firms]. I’ll schedule it like I did last time. We started at 8:30 and we followed him until the end of the day. “
“Each company will have a space, then the next day [Jemima Oware] He will hold a virtual class meeting for all investors and then they can join us for the rescue packages that the government is offering through GCB Capital. As long as the court order is in progress, we will continue with the process, “he said.
Furthermore, Ms Oware said that “it is regrettable that [eight recalcitrant fund management firms] They are doing it because if they are able and able to pay their investors, then go ahead and pay and that will not come before me. But the key is that they can’t pay their debt when it is due, so we are in court and you are supposed to pay your debt when it is due. “
The virtual meeting of investors will bring together 28 liquidated fund management companies in which the Registrar General has worked, out of a total of 47 companies.
One of the firms to be hired by the Registrar Department is Uni- Securities.
PwC issues identification numbers to clients of defunct fund management companies
Meanwhile, Joy Business is learning that accounting and auditing firm PwC and Register General have begun issuing identification numbers to some clients of defunct fund management firms.
These are clients who are expected to benefit from the government bailout program.
Last week, the Securities and Exchange Commission announced that it had secured about GH ¢ 1.4 billion from the government for subsequent disbursements to investors from defunct fund management companies whose liquidations are being challenged by their shareholders in court.
The payment is expected to cover clients of Black Shield Fund Limited.
