Public Notice NPA N. 028 Requirements for Transfer of License

a) The Transferor Company may merely transfer the OMC License to the Transferee Company to enable the transferee company undertake business as an OMC. In this case the consideration for such transfer may be part shareholding by the Transferor in the Transferee Company or an agreed periodic (annual) cash consideration for the use of the License. In this case the transferor company may continue to exist in another form carrying out probably a different activity (it must change its regulations to be able to do that) but cannot continue to operate as an OMC and so it has to transfer its business interests in existing retail outlets etc to the Transferee Company  b) Another scenario is that the transferee company will buy the Transferor Company as a going concern. That is the owners of the Transferor Company will sell all or part of their ownership interests in the company to the Transferee Company. The Transferor Company ceases to exist and transforms into a new company with new owners etc. In this case also the Transferor Company would pass on its business interests in existing retail outlets and other contractual interests to the Transferee.   c) A possible third scenario is that the two companies may simply merge to form a new company to continue the existing business as an OMC. Under this the assets and liabilities of the two companies are merely transferred to the new company and the two companies are liquidated  

Procedures to Follow




Not Avaiable

Responsible Institution

National Petroleum Authority

No.6 George Walker Bush Highway Adjacent Petroleum Commission Dzorwulu, Accra
Email:info@npa.gov.gh
Website:http://www.npa.gov.gh/

Relevant Forms to Download

Not Available

Fees / Charges




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