The Registrar General (RG) is set to pay customers of the 22 customers of the Fund Management Companies (AMCs) who have been cleared by the court for assets liquidation following the revocation of their licenses.
The Securities and Exchange Commission (SEC) last week Friday announced that out of the 53 fund management companies collapsed in November last year, 22 had been cleared.
A notice to that effect said “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 licences of 53 Asset Management Companies (AMCs) Pursuant to applications by the Registrar of Companies,
“The High Court, Commercial Division presided over by Her Ladyship Justice A. Mensah Homiah (JA) ordered the official winding up of the underlisted companies.
“Take notice and notice is hereby given that all the creditors of the underlisted companies are being invited to a virtual First Creditors meeting on the scheduled dates and time for each of the meetings, commencing 7th September — 11th September, 2020.
“The links to the meetings shall be delivered to all creditors via text message before the 4th of September, 2020.”