In the matter of Bachan Singh & Bros. Limited (Company Cause No. 22 of 2025)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court granted the application for rectification of the company register under section 121 of the Companies Act. The court ordered removal of the deceased shareholder's name and transmission of his 50 shares to his estate administrator. The shares of three missing shareholders were ordered to revert to the company to be held in trust, with liberty to dispose of them if unclaimed after a certain period. The Registrar of Companies was directed to effect the rectifications.
Outcome
Application granted in its entirety. Company register rectified, shares transmitted to estate administrator, and missing shareholders' shares reverted to company to be held in trust.
Facts
Bachan Singh & Bros. Limited was incorporated with two members: Bachan Singh Chima and Wazir Singh Natt, each holding one share. After allotment, the shareholding changed to Bachan Singh Chima (50 shares), Wazir Singh Natt (33 shares), Manoharlal Bali (5 shares), and Sarjit Singh (12 shares). These individuals were expelled from Uganda in the 1970s. Bachan Singh Chima died on 19 September 1990. Ranjeet Suri was appointed Administrator of his estate, with letters resealed by the High Court Family Division. The whereabouts of the other three shareholders are unknown despite diligent efforts to trace them. No functioning director or member is available to manage the company's affairs or effect transmission through normal procedures.
Issues
- Whether the Applicant has satisfied the grounds for the grant of the application for rectification of the company register and transmission of shares.
Orders
- The Members' Register of BACHAN SINGH & BROS. LIMITED is rectified by removing the names of Bachan Singh Chima, Wazir Singh Natt, Manoharlal Bali, and Sarjit Singh.
- The shares of the Late Bachan Singh Chima are transmitted to and hereby vested in MS. RANJEET SURI, as the Administrator / Estate Trustee of his Estate. She is to be registered as a member of the Company.
- The shares of Wazir Singh Natt, Manoharlal Bali, Sarjit Singh shall revert to BACHAN SINGH & BROS. LIMITED to be held in trust for the 3 missing shareholders.
- If after a certain period from the date of this order these shares remain unclaimed, the company may dispose of them holding the proceeds in trust.
- The Registrar of Companies is directed to effect the aforementioned rectifications and changes to the company's register of BACHAN SINGH & BROS. LIMITED.
- The applicant bears her own costs.
Rules and key headnotes
Legislation cited (6)
Cases cited (5)
- Re Bemuga Forwarders Ltd (Formerly Kaso International Ltd) (Companies Cause No. 33 of 2024)
- In the matter of Ecole Francaise De Kampala Limited (Company Cause No. 9 of 2022)
- Kings Court Trust Limited and Others v Lancashire Cleaning Services Ltd [2017] EWHC 1094 (CH)
- Re Uganda Baati Limited (Company Cause No. 23 of 2024)
- Re Bayuni Company Limited HCMC 508/2020
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.