In the Matter for an application of rectification of the company register by Kayemba(ms. Equator growers ) (Company Cause No. 5 of 1992)
Observed later treatment
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Holding
Held that before the court can consider the merits of an application for rectification of a company register under s.118 of the Companies Act, the applicant must satisfy the court that he is a shareholder by producing a share certificate, the company's memorandum and articles of association, and evidence from the Registrar of Companies. The burden of proof lies on the applicant. Application dismissed for lack of sufficient evidence.
Outcome
Application dismissed without prejudice to the applicant's right to bring a fresh application with proper evidence
Facts
The applicant, Francis X. Kayemba, applied for an order directing rectification of the company register of M/S Equator Growers Uganda Limited. He averred that he held 15 paid up ordinary shares allocated to him in 1985 and inherited 10 shares from his late father. He deponed that by letter dated 21 December 1987, the company's Board of Directors resolved to terminate his membership. He objected by letter dated 2 January 1988. The applicant alleged that although he was a director, he was not invited to the meeting of 10 December 1987 and had since been excluded from shareholders' meetings. He sought reinstatement of his name on the register. The respondent company opposed the application on grounds that the applicant had failed to adduce evidence of his shareholding, namely share certificates, memorandum and articles of association, receipts for payment of shares, or grant of probate in respect of inherited shares.
Issues
- Whether the applicant adduced sufficient evidence to satisfy the court that he is a shareholder in M/S Equator Growers Uganda Limited.
- Whether the court can order rectification of the company register in the absence of documentary proof of shareholding.
Orders
- Application dismissed.
- Costs to the respondent.
- Applicant not barred from bringing a fresh application.
Rules and key headnotes
Legislation cited (9)
- Companies Act s.118
- Companies Act s.75
- Companies Act s.76
- Companies Act s.82
- Companies Act s.83
- Companies Act s.84
- Civil Procedure Rules O.24 r.4
- Civil Procedure Rules O.48 rr.1, 2 & 3
- Civil Procedure Act s.101
Cases cited (1)
- Younger V. Indies Imperial Club /1920/2KB 523
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
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