Emmaus Foundation Investments (U) Limited v Emmaus Foundation Ltd and 3 Others (Miscellaneous Cause No. 74 of 2020)
Observed later treatment
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AI-generated summary. This summary was generated by AI from the full text of the judgment. It may contain errors or omissions—always read the source judgment before relying on it.
Holding
Held that executors of a deceased shareholder do not automatically become members of a company under the Companies Act 2012. They must apply and be registered on the company register to acquire membership. Directors appointed pursuant to a court-sanctioned one-man meeting held by the surviving sole shareholder are entitled to custody of company property, including duplicate certificates of title. Executors lacking membership or directorship have no locus standi to claim custody, though they may protect their interest through lodged caveats.
Outcome
Duplicate certificates of title ordered to be handed over to the Directors of the Applicant Company
Facts
Emmaus Foundation Investments (U) Ltd was incorporated in 2014 with two subscribers: Fr. Giovanni Scalabrini (50 shares) and Giusseppe Giamonna (50 shares). No formal allotment of shares was filed before Fr. Scalabrini's death in 2016. The company's duplicate certificates of title for three properties were surrendered to the Commissioner Land Registration in January 2020. Executors of Fr. Scalabrini's estate claimed entitlement to custody of the titles based on alleged shareholder status and a disputed document purportedly signed by Giamonna disclaiming his shares. Following Fr. Scalabrini's death, Giamonna obtained a court order to hold a one-man meeting and appointed new directors in 2018, who filed a return of allotment of shares. Both the company directors and the executors applied for custody of the duplicate certificates of title.
Issues
- Who is entitled to take custody of the applicant company's land titles as between the current company directorship and the executors of a deceased subscriber?
- What remedies are available to the parties?
Orders
- Application allowed; counter-application dismissed.
- Applicant entitled to take custody of its duplicate certificates of title for Leasehold Register Volume 4071 Folio 9, Plot 1, Third Ring Road; Leasehold Register Volume 3724 Folio 22, Plot 3-7, Third Ring Road Land at Luzira; and Kyadondo Block 243 Plot 2123, Land at Kyebando, Luzira.
- 4th Respondent directed to hand over the certificates of title to the Directors of the Applicant Company.
- Costs of both applications awarded to the Applicant against the 1st to 3rd Respondents.
- No order as to costs against the 4th Respondent.
Rules and key headnotes
Legislation cited (8)
Cases cited (3)
- Re Jermyn Street Turkish Baths Ltd [1970] 3 All ER 57
- Re Bayswater Trading Co Ltd [1970] 1 All ER 608
- Re Kahawa Sukari Ltd [2004] 2 EA 93
Cases citing this judgment (1)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.