Batenze v Liberation Community Finance Limited (Company Cause 1 of 2025)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that where a two-director company cannot function due to the disappearance and untraceability of one director-shareholder, the court has jurisdiction under Companies Act s.138 to order that a meeting be held with the remaining member constituting quorum. The absence of the second director rendered it impracticable to call meetings in accordance with the company's articles requiring two members for quorum. Application granted allowing the applicant to conduct a general meeting alone to increase share capital and appoint directors.
Outcome
Application granted allowing sole remaining member to conduct company meeting and make critical governance decisions
Facts
Liberation Community Finance Limited had two shareholders and directors: Patrick Batenze (70% shareholding) and Chuanmin Wang, a Chinese national (30% shareholding). During the Covid-19 pandemic in 2020, Wang left Uganda indicating he was returning to China. His whereabouts remained unknown thereafter. Batenze attempted to trace and communicate with Wang through his last known phone numbers and email without success. The company's articles of association required two members for quorum at general meetings. Wang's absence made it impossible to conduct meetings or make critical decisions regarding share capital increase and director appointments. The company's operations came to a standstill. Batenze applied under Companies Act s.138 for leave to conduct a meeting with himself alone constituting quorum.
Issues
- Whether, in the circumstances of this case, the applicant is entitled to the grant of an order granting leave to call, hold, and conduct a members' meeting and pass a resolution increasing share capital and appointing directors of the company.
Orders
- Liberation Community Finance Limited is granted leave to call, hold and conduct a members' meeting with only Patrick Batenze constituting quorum and pass a resolution increasing the share capital and appointing directors of the company.
- No order as to costs.
Rules and key headnotes
Legislation cited (5)
- Companies Act Cap.106 s.138
- Civil Procedure Act Cap.282 s.98
- Judicature Act Cap.16 s.37
- Civil Procedure Rules S.I 71-1 Order 38 Rule 6(h)
- Civil Procedure Rules S.I 71-1 Order 31
Cases cited (5)
- In the Matter of Graceland Gardens Limited (Company Cause No. 16 of 2023)
- In the Matter of Kasito Estate Ltd (1982) HCB 107
- In the Matter of Uganda Boati Limited (Company Cause No. 23 of 2024)
- Emmous Foundation Investment Uganda Limited v Giuseppe Giommona (Company Cause No. 2 of 2018)
- Emmous Foundation Limited & Others v Emmous Foundation & Others (Miscellaneous Cause No. 74 of 2020)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.