Kwon 7 Others v Choo 4 Others (Company Complaint 12732 of 2022)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The Registrar held that a special resolution dated 13 March 2015 admitting new members was invalid for failure to comply with mandatory notice and minute-taking requirements under the Companies Act 2012. All subsequent resolutions and filings based on that invalid resolution, including the re-registration of the company from unlimited to limited by guarantee, were expunged from the register as misleading, inaccurate, and wrongfully obtained under Regulation 8 of the Companies (Powers of Registrar) Regulations 2016.
Outcome
Register rectified; impugned resolutions and filings expunged; company status restored to unlimited company; lawful directors declared
Facts
Korea Evangelical Mission to All Nations was registered on 9 January 1991 as an unlimited company. On 13 March 2015, a purported special resolution was passed admitting new members including the respondents. On 20 May 2021, resolutions were passed changing the company name, amending the articles, and winding up the company. On 1 November 2021, a special resolution re-registered the company as a company limited by guarantee. The complainants alleged these resolutions were passed without their knowledge or participation, without proper notice, and without signed minutes as required by the Companies Act. The respondents contended the resolutions were lawfully passed and that the complainants had been expelled from membership in 2015.
Issues
- Whether the appointment of Choo Eun Sook, Kim Moo Yerl, Son Mi Jung, Yun Jae Seung and Lee Jong Suk as new members of the company was lawful.
- Whether the company was lawfully re-registered.
- What are the remedies available to the parties.
Orders
- Special resolution dated 13 March 2015 registered on 25 March 2015 expunged from the register.
- Members resolution dated 20 May 2021 registered on 02 August 2021 winding up the company and appointing David Mushanga as receiver expunged.
- Members resolution dated 20 May 2021 registered on 02 August 2021 amending clauses in the Memorandum and Articles of Association expunged.
- Form 20 dated 1 November 2021 registered on 29 November 2021 expunged.
- Form 20 registered on 13 November 2019 expunged.
- Special resolution dated 1 November 2021 registered on 29 November 2021 re-registering the company as a company limited by guarantee expunged.
- Form 5 dated 18 November 2021 registered on 29 November 2021 expunged.
- Amended Memorandum and Articles of Association registered on 02 August 2021 and 29 November 2021 expunged.
- Lawful directors of the company declared to be Kwon John Ohag, Park Bong Chool, Lee Sang Puk, Myung Ok Kim, Kim In Nam, Muwanga Michael Angel, Kadubira Geofrey, and Kwon Min Ju.
- Company's status restored to an unlimited company.
- Each party to bear its own costs.
Rules and key headnotes
Legislation cited (16)
- Companies Act No. 1 of 2012 s.31(1)
- Companies Act 2012 s.31(4)
- Companies Act 2012 s.31(5)
- Companies Act 2012 s.9
- Companies Act 2012 s.10(1)
- Companies Act 2012 s.10(2)
- Companies Act 2012 s.139
- Companies Act 2012 s.140
- Companies Act 2012 s.145
- Companies Act 2012 s.152
- Companies Act 2012 s.288
- Companies (Powers of Registrar) Regulations 2016 reg.3(i)
- Companies (Powers of Registrar) Regulations 2016 reg.8
- Companies (Powers of Registrar) Regulations 2016 reg.8(2)
- Companies (Powers of Registrar) Regulations 2016 reg.9(2)
- Companies (Powers of Registrar) Regulations 2016 reg.32
Cases cited (1)
- Finishing Touches v Attorney General (Civil Suit No. 144 of 2010)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.