Besides, the objects of the Public House of prayer supplement the proof that it is a State-Claimed Venture (SOE). The objects of the Public Church building are as per the following:
To claim the resources of the Public House of prayer of Ghana
To manage the Public House of prayer project
To act as a gathering stage for a public discussion on trust
To work an interdenominational church for public purposes.
The above objects were created with a common soul which adds to the proof that the Public House of prayer is a state organization no matter what the organization type being private.
A state-claimed organization would be alluded to as a public organization just when it is recorded on the public trade in that capacity. We ought not be mistaken for the names private and public with regards to organization types.
The new Organizations Demonstration of Ghana which is the Organizations Act 2019 (Act 992) explains that underneath:
Segment 7 OF ACT 99 (Organizations ACT 2019)
(3) An organization restricted by shares and a limitless organization will for the reasons for consolidation be enrolled with shares.
(4) An organization of a kind determined in subsection (1), might be a privately owned business or a public organization.
(5) A privately owned business, other than an organization restricted by ensure, is an organization which by excellence of its constitution
(a) confines the option to move the portions of the organization, if any,
(b) restricts the complete number of the individuals and debenture holders to fifty, excluding
(I) people who are truly in the work of the organization, and
(ii) people who, having been previously in the work of the organization, were while in that business, and have gone on after the assurance of that work to be individuals or debenture holders of the organization;
(c) restricts the organization from making a solicitation to the general population to obtain offers or debentures of the organization; and
(d) restricts the organization from making a solicitation to general society to store cash for fixed periods or payable at call, regardless of whether bearing revenue.
(6) Where at least two people hold at least one offers or debentures together, they will, for the reasons for subsection (3) be treated as a solitary part or debenture holder.
(7) An organization which is certainly not a privately owned business is a public organization with the exception of an organization restricted by ensure which has a participation of fifty or less.
(8) An organization restricted by ensure will not for the reasons for joining be enrolled with shares and will not make or issue shares.