Asiimwe Charity Ruth v Allen Kiconco and Others (Company Application No. 44179 of 2025)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The Registrar of Companies lacks jurisdiction under Regulation 8 of the Companies (Powers of the Registrar) Regulations to expunge a board resolution and share allotment where the challenge requires determination of whether directors exercised their powers in good faith and whether they breached fiduciary duties. Such matters involve adjudication of contested rights and competing interests that fall within the unlimited original jurisdiction of the High Court. Application dismissed for want of jurisdiction.
Outcome
Application dismissed for want of jurisdiction; applicant at liberty to pursue remedies before the High Court under Section 244 of the Companies Act
Facts
The late Christopher Obey died on 2 July 2021 holding 400 shares in Lamba Enterprises Limited out of 1,000 shares, with the first respondent holding 100 shares and 500 shares remaining unallotted. The applicant, the widow and beneficiary of the deceased's estate, alleged that after his death the first and second respondents, as directors of the company, allotted the remaining 500 unallotted shares to themselves (300 to the first respondent and 200 to the second respondent) without regard to the estate's interests. The applicant further alleged that the respondents disposed of company properties, failed to provide accounts to the estate, and managed the company in a manner detrimental to the estate and the company. The applicant sought rectification of the company register by expunging the board resolution and Form 10 documenting the share allotment, and restraint of further actions by the directors.
Issues
- Whether the allotment of the remaining shares in the Company by the first and second Respondents to themselves was lawful?
- What remedies, if any, are available to the parties?
Orders
- Application dismissed for want of jurisdiction.
- No order as to costs.
Rules and key headnotes
Legislation cited (6)
- Companies Act Cap. 106 s.121
- Companies Act Cap. 106 s.148
- Companies Act Cap. 106 s.243
- Companies Act Cap. 106 s.244
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 Regulation 8
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 Regulation 32
Cases cited (2)
- Luitingh Lafras and Another v Special Services Ltd (Company Cause No. 11 of 2019)
- Olive Kigongo v Mosa Courts Apartments (High Court Company Cause No. 01 of 2015)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.