Joy Tindiwegi v Julia Tigeita Munubi and Another (Application Cause No. 45582 of 2025)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The Registrar held that company resolutions passed without notifying a director/shareholder are null and void under the Companies Act. Board resolutions changing bank signatories to exclude the applicant were wrongfully obtained and ordered expunged. The company must add all three directors as joint signatories within thirty days.
Outcome
Application partly allowed. Two resolutions expunged from company register. Company directed to add all three directors as joint bank signatories within thirty days.
Facts
Joy Tindiwegi, a 40% shareholder and director of Kihembe Brothers Co. Limited, alleged that the two respondents (Julia Tigeita Munubi, 20% shareholder, and Harriet Nyanjura Munubi, 40% shareholder, both directors) convened board meetings and passed resolutions without notifying her. On 12 April 2024, they changed bank signatories removing Musinguzi Laban and installing Julia Tigeita Munubi. On 8 July 2024, they granted a Power of Attorney to Byabashaija Jimmy. On 17 December 2024, they appointed themselves as sole signatories to the company's Stanbic Bank account, excluding the applicant. The respondents argued that two directors constituted quorum under the Articles of Association and that the decisions were administrative, not requiring twenty-one days' notice. They also alleged that the applicant's children had embezzled company funds and that a forensic audit revealed losses exceeding UGX 18 billion. The applicant sought rectification of the company register to expunge all resolutions passed without her participation.
Issues
- Whether the applicant/complainant received sufficient notice before salient company decisions were passed and resolutions extracted for registration.
- What remedies are available to the parties.
Orders
- The company resolution registered on 17th December 2024 making Tigeita Julian Munubi and Nyanjura Harriet principal signatories to the Company Account in Stanbic Bank Uganda Ltd to the exclusion of the Applicant be expunged for having been wrongfully obtained without the Applicant's knowledge.
- The company resolution registered on 18th December 2024 making Tigeita Julian Munubi and Nyanjura Harriet principal signatories to the Company Account in Stanbic Bank Uganda Ltd to the exclusion of the Applicant be expunged for having been wrongfully obtained without the Applicant's knowledge.
- That the Company passes a resolution adding the Applicant and the two Respondents, who are the legitimate members/directors of the Company as joint signatories to the Company Bank Account in Stanbic Bank Uganda Ltd within thirty (30) days from the date of delivery of this ruling.
- No order as to costs.
Rules and key headnotes
Legislation cited (9)
- Companies Act Cap 106 s.136(1)
- Companies Act Cap 106 s.136(2)
- Companies Act Cap 106 s.136(3)
- Companies Act Cap 106 s.137(a)
- Companies Act Cap 106 s.243
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 Regulation 8
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 Regulation 8(2)(g)
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 Regulation 28(1)
- Companies (Powers of the Registrar) Regulations SI No. 71 of 2016 Regulation 32
Cases cited (5)
- Fang Min v Uganda Hui Neng Mining Limited and 5 Others (High Court Civil Suit No. 318 of 2016)
- Noble Builders (Uganda) Limited v Balwinder Kaur Sandhu (Civil Appeal No. 70 of 2009)
- Noble Builders (U) Ltd and Raghbir Singh Sandhu v Jaspal S Sandhu (Civil Appeal No. 41 of 2001)
- Geraldine Ssali Busuulwa v National Social Security Fund and 2 Others (High Court Miscellaneous Application No. 0116 of 2016)
- People Vs Kurz 35 Mich App. 643, 656 (1971)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.