Joyce Namirimo Tamale v Capital Solutions Limited (Company Cause No. 15 of 2019)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Where one of two directors and shareholders of a company died, leaving the surviving shareholder unable to achieve quorum for general or board meetings, the court held it was impracticable to call meetings in the ordinary manner. Under Companies Act section 142, the court ordered the applicant to hold an extra-ordinary general meeting to reorganise the company.
Outcome
Applicant permitted to convene one-person meeting to reorganise the company
Facts
Capital Solutions Limited had two directors and shareholders: Joyce Namirimo Tamale and Marren Akatsa. On 1 October 2017, Marren Akatsa died in Westland, Nairobi. Following her death, the company was unable to achieve quorum for general meetings or board meetings as only one shareholder remained. Company affairs stalled. The applicant sought court orders to permit her to call and hold a one-person meeting to reorganise the company and enable it to transact business.
Issues
- Whether the court should permit a sole remaining shareholder and director to hold a one-person meeting to reorganise a company where the other director and shareholder had died, rendering it impracticable to call meetings in the ordinary way.
Orders
- Application granted.
- The applicant is directed to hold an Extra General meeting for the purpose of re-organising the company.
- The costs of this application are to be met by the company.
Rules and key headnotes
Legislation cited (4)
- Companies Act 2012 s.142
- Judicature Act s.33
- Civil Procedure Rules O.38 r.6(h)
- Civil Procedure Rules O.38 r.7
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.