In the matter of Uganda Food Supply Limited (Company Cause No. 0012 of 2025)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court granted leave to the sole surviving shareholder of Uganda Food Supply Limited to sit alone and hold an extraordinary general meeting to elect directors and a secretary. The court invoked section 138 of the Companies Act Cap. 106, which empowers the court to order a meeting when it is impracticable to hold one in the manner prescribed by the company's articles. The original members and directors had all passed away, leaving the applicant as the only legal representative with rights in the company.
Outcome
Leave granted to sole shareholder to convene extraordinary general meeting alone and elect directors and secretary
Facts
Uganda Food Supply Limited was incorporated on 27 April 1971 with two members and directors: Sepiriya Tabula Mulindwa (140 shares) and Alfred K.K. Mubanda (100 shares). In 1972, Allen Mulindwa acquired 140 shares and became a director and secretary. Sepiriya Tabula Mulindwa died on 21 September 1991, and Allen Mulindwa died on 5 December 1994. The applicant obtained letters of administration for Allen Mulindwa's estate on 24 January 2011 and was declared a shareholder on 2 September 2019. The applicant became the sole surviving shareholder, holding 58.4% of the paid-up capital. The 100 shares of Sepiriya Tabula Mulindwa remained unadministered. With no other living shareholders, directors, or secretary, it became impracticable to hold a company meeting in the manner prescribed by law.
Issues
- Whether the facts and the law support the grant of leave to the Applicant to sit as a single shareholder and call an Extra Ordinary General Meeting to appoint Directors and Secretary and carry out necessary resolutions for proper governance of the company.
Orders
- Mulindwa Samuel Kubulwamwana is granted leave to sit alone and hold an Extraordinary General Meeting of Uganda Food Supply Limited and elect the Directors and Secretary that will constitute the management of the company.
- The Applicant bears his own cost.
Rules and key headnotes
Legislation cited (6)
Cases cited (2)
- In the matter of Simbamanyo Estate Limited (Company Cause No. 0005 of 2023)
- In the matter of Nico Limited (Miscellaneous Application No. 33 of 1995)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.