Nahurira v Baguma & 2 Ors (Civil Suit No. 392 of 2014)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court held that plaintiffs who are not shareholders of a company lack locus standi to bring a derivative action on behalf of that company. The first plaintiff, though a director of the subsidiary representing the parent company, cannot exercise shareholders' rights in his individual capacity. The second plaintiff, being merely a shareholder of the parent company, has no standing to sue derivatively on behalf of the subsidiary. The parent and subsidiary companies are separate legal entities with distinct memberships, and shareholders of the parent cannot invoke derivative action rights in the subsidiary. The suit was struck out with costs.
Outcome
Suit struck out for lack of locus standi
Facts
The first plaintiff was a director and company secretary of CEDA Financial Services Ltd (the parent company), which held 96% of shares in Group Combine Efforts Properties Ltd (the subsidiary and third defendant). The first plaintiff was appointed as an ex officio director of the subsidiary to represent the parent company. The second plaintiff was a shareholder in the parent company. The plaintiffs filed suit against the first and second defendants (directors of the subsidiary) alleging mismanagement of the subsidiary. They purported to sue on their own behalf and on behalf of other members of the subsidiary in a derivative action. The plaintiffs' pleadings averred they were fully paid-up members of the subsidiary, but counsel later admitted this was an error and that the plaintiffs were not members of the subsidiary. The defendants raised a preliminary objection on grounds of lack of locus standi and failure to disclose a cause of action.
Issues
- Whether the plaintiffs have locus standi to commence a derivative action on their own behalf or on behalf of members of the third defendant company when they are not shareholders of that company.
- Whether the plaint discloses a cause of action against the defendants.
- Whether the claim is misconceived in law and constitutes an abuse of the process of court.
- Whether shareholders of a parent company can sue derivatively in respect of alleged mismanagement of a subsidiary company.
- Whether a director appointed by a parent company to represent it on the board of a subsidiary can bring a derivative action in his individual capacity.
Orders
- The defendant's preliminary objection is sustained.
- The plaintiffs do not have locus standi to bring a derivative action.
- The plaintiff's action is struck out with costs to the defendants.
Rules and key headnotes
Legislation cited (15)
- Companies Act Cap 110 s.15
- Companies Act Cap 110 s.21
- Companies Act Cap 110 s.27
- Companies Act Cap 110 s.28(1)
- Companies Act Cap 110 s.210
- Companies Act Cap 110 s.211
- Companies Act 2012 s.21
- Companies Act 2012 s.247
- Companies Act 2012 s.248
- Constitution of Uganda article 126(2)(e)
- Constitution of Uganda article 26
- Civil Procedure Rules Order 1 rule 10
- Civil Procedure Rules Order 7 rule 4
- Civil Procedure Act s.98
- Judicature Act s.33
Cases cited (9)
- Auto Garage and Another v Motokov [1971] EA 515
- Foss v Harbottle (1843) 2 Hare 461
- Salim Jamal v Uganda Oxygen Ltd (Civil Appeal No. 64 of 1995)
- Rai and Others v Rai and Others [2002] 2 EA 537
- Edwards v Halliwell [1950] 2 All ER 1064
- Re Faure Electric Accumulators Company (1888) 40 Ch D 141
- Re a Company [1983] 2 All ER 36
- Re Five Minute Car Wash Service Ltd [1966] 1 All ER 242
- Birch v Sullivan and Another [1958] 1 All ER 56
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.