Chen Zhiming v Zhuangs Plastics and Parking Ltd (Company Petition Cause No. 998715 of 2025)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The Registrar held that the petitioner lawfully acquired 31 shares in the respondent company through registered transfer forms and resolutions. The subsequent transfer of 10 shares to Lin Qinyun was void because the transfer form bore a forged signature (Zhuang Zhiming's name in Chinese, not the petitioner's), as confirmed by forensic evidence and translation. No transfer instrument existed for the remaining 21 shares. The petitioner's removal as director was also void, having been effected by a board resolution rather than a members' ordinary resolution as required by the Companies Act. The register was ordered rectified and the petitioner reinstated as director.
Outcome
Petitioner reinstated as shareholder with 31 shares and as director; impugned resolutions and transfer forms expunged from the register
Facts
Zhuangs Plastics and Parking Ltd was incorporated in 2015. Through a series of share transfers registered in May 2019, Chen Zhiming (the petitioner) acquired 31 shares and was appointed director. In January 2022, a resolution and transfer form purporting to transfer 10 of the petitioner's shares to Lin Qinyun and remove him as director were registered. The petitioner alleged he never signed the transfer form. Forensic analysis and translation evidence showed the signature on the transfer form was Zhuang Zhiming's name in Chinese, not the petitioner's. No transfer instrument existed for the remaining 21 shares. By December 2022, amended articles showed new shareholders Liu Yong Xiang and Dai Hao holding all shares. The current shareholders claimed they purchased the company in November 2022 from Zhuang Zide and Lin Qinyun, unaware of the petitioner's interest. The petitioner sought rectification of the register and reinstatement.
Issues
- Whether the petitioner lawfully acquired the 31 shares in the respondent Company and whether the 31 shares were lawfully transferred by the Respondent Company from the petitioner?
- Whether the petitioner was lawfully appointed/removed as director of the respondent company?
- What remedies are available to the parties?
Orders
- The company resolution registered on 06th January 2022 transferring the petitioner's ten (10) shares in the Respondent Company to Lin Qinyun and removing him as a company director be expunged for having been illegally and/or wrongfully obtained.
- The Share Transfer form registered on 06th January 2022 transferring the Petitioner's shares in the Respondent Company be expunged for having been illegally and/or wrongfully obtained and for containing an illegal endorsement.
- The Amended Memorandum and Articles of Association registered on 06th January 2022 be expunged for having been illegally and/or wrongfully obtained, and for being misleading and inaccurate.
- The Amended Memorandum and Articles of Association registered on 08th December 2022 be expunged for being a result of a series of illegal endorsements.
- The company is hereby ordered to file a resolution and an amended form providing for particulars of directors reinstating the Petitioner as a director within sixty (60) days from delivery of this ruling.
- No order as to costs.
Rules and key headnotes
Legislation cited (12)
- Companies Act Cap 106 s.45
- Companies Act Cap 106 s.83
- Companies Act Cap 106 s.191(1)
- Companies Act Cap 106 s.243
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 reg.3
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 reg.8
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 reg.8(1)
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 reg.8(2)
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 reg.9
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 reg.26
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 reg.32
- Companies Regulations of 2023 reg.29(4)
Cases cited (7)
- Olive Kigongo v Mosa Courts Apartment Ltd (Company Cause No. 01 of 2015)
- Iwa Richard Okeny v Obol George Okot (Miscellaneous Application No. 063 of 2012)
- Peoples Insurance Company Ltd V C.R.E Wood and Co 1 & Ors [1961]
- Jack Wavamuno v Kai Anderson and Others (HCCS No. 33 of 1996)
- Fang Min v Uganda Hui Neng Mining Limited and 5 Others (HCCS No. 318 of 2016)
- Kaushalya Devi V National Insulated Cable Company of India [1977] Tax LR 1928
- Barry Mpeirwe v Alsaco International Ltd (HCCS No. 440 of 2014)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.