In the matter of Graceland Garden Limited (Company Cause 16 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court granted the application appointing the administratrix of a deceased majority shareholder as director of the company and granting leave to hold a single member meeting. Where a company has two directors, one has died and the other is untraceable, and company affairs are at a standstill, section 142 of the Companies Act empowers the court to give directions to overcome practical difficulties in conducting company meetings.
Outcome
Application granted with applicant appointed as director and granted leave to hold single member meeting
Facts
Graceland Gardens Limited was incorporated on 2 October 2011 by Samuel Mugabi (majority shareholder and director) and Barbara Nakayima (minority shareholder and secretary). Samuel Mugabi died on 25 July 2021. His widow, Sheila Ndagire Mugabi, obtained letters of administration for his estate. Barbara Nakayima became untraceable after Mugabi's death. The applicant made reasonable attempts to locate Nakayima, including publishing a notice in the Daily Monitor on 20 June 2023, but received no response. The absence of both directors brought company business to a standstill, with no meetings held, no resolutions passed, and company returns unfiled. The applicant sought appointment as director and leave to hold a single member meeting to facilitate company management, including appointing new directors, transmitting the deceased's shares, and appointing new bank signatories.
Issues
- Whether the applicant, as administratrix of the estate of a deceased majority shareholder and director, should be appointed as a director of the company.
- Whether the applicant should be granted leave to hold a single member meeting where the other director is untraceable and company business is at a standstill.
Orders
- The applicant is added as a director of Graceland Gardens Limited.
- The applicant is granted leave to hold a single member meeting for Graceland Gardens Limited.
- No order as to costs.
Rules and key headnotes
Legislation cited (6)
- Companies Act 2012 s.142
- Companies Act Table A Regulation 100
- Companies Act Table A Article 30
- Judicature Act s.33
- Civil Procedure Act s.98
- Civil Procedure Rules O.38 r.6
Cases cited (3)
- Al Shaffi Investment Group LLC (Company Cause No. 20 of 2022)
- Emmaus Foundation Investment Ltd (Company Cause No. 74 of 2020)
- Ghalib Hussain & Abdul Sattar v Wycombe Islamic Mission and Mosque Trust Limited & Tasawar Iqbal [2011] EWHC 971 (Ch)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.