Dhirendrakumar Kalidas Mehta v Nakasero Club Limited (HCT-00-CV-CI-007-2009)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court granted the application under Section 135 of the Companies Act, directing that a general meeting of Nakasero Club Limited be held within three months to revive the company's affairs. The court found it impracticable to hold meetings under the Articles of Association due to the absence of shareholders following the 1972 expulsion of Asians from Uganda, and directed that the applicant's attendance in person or by proxy would constitute sufficient quorum.
Outcome
Application granted with directions for general meeting to proceed with reduced quorum
Facts
Nakasero Club Limited was incorporated in 1927 as a private company to operate a club house. Most shareholders were Asians who were expelled from Uganda in 1972 and the company's property was expropriated. The property was returned under the Expropriated Properties Act in 1997, but very few former shareholders returned or expressed desire to participate in management. The applicant, as the only shareholder in touch with the company's affairs, sought court intervention because the company was unable to achieve the quorum of three members required by its Articles of Association to hold general meetings, resulting in paralysis of the company's affairs including inability to admit new members, appoint a new board, or raise funds for property renovation.
Issues
- Whether it was impracticable to call a general meeting of the company in the manner envisaged by the Articles of Association.
- Whether the court should exercise its discretion under Section 135 of the Companies Act to order a meeting with reduced quorum requirements.
Orders
- A general meeting of Nakasero Club Limited be held within three months from the date of this ruling for the purpose of reviving its affairs.
- Those affairs shall include but not be limited to the appointment of a new board and the revision of outdated and restrictive articles in the Company's Articles of Association.
- The attendance of the applicant in person or by proxy shall constitute a sufficient quorum for the purpose of conducting the said general meeting.
- The Company shall meet the costs arising out of this application.
Rules and key headnotes
Legislation cited (3)
- Companies Act s.135
- Civil Procedure Rules O.38 r.6(h)
- Expropriated Properties Act
Cases cited (1)
- Foss v Harbottle (1843) 2 Hare 461
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.