Noble Builders (U) Ltd and Another v Jaspal (Civil Appeal No. 11 of 2001; Civil Appeal No. 41 of 2001)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The Court of Appeal allowed the appeal, holding that the respondent, by filing Company Form 8 stating he ceased to be a director and member with effect from 12 January 1984, had relinquished his membership, with his shares vesting in his wife under the articles of association. Since the respondent was no longer a member or contributory, he lacked locus standi under section 224 of the Companies Act to petition for winding up or to demand that the second appellant account to him. The trial judge erred in questioning the validity of Form 8 absent evidence of fraud, and in relying on evidence from separate proceedings (Sietco case) which did not satisfy the conditions of section 31 of the Evidence Act. The High Court judgment and orders were set aside.
Outcome
Appeal allowed; High Court judgment and orders set aside; respondent found to lack locus standi
Facts
The second appellant, Raghbir Singh Sandhu, and the respondent, Jaspal Singh Sandhu, formed the first appellant company, Noble Builders (U) Ltd, on 5 January 1984. On 12 January 1984 the respondent notified the Registrar of Companies, via Company Form 8, that he had ceased being a director and member of the company and appointed his wife, Balwinder Kaur Sandhu, to replace him. The respondent then left for Canada, and the second appellant continued to run the company alone. On his return, the respondent discovered the company had made profits and asked the second appellant to account. The second appellant refused, contending the respondent had ceased to be a shareholder. The respondent petitioned the High Court seeking that the company be wound up, that the second appellant be declared a delinquent director and ordered to account, and that his name be restored to the register. The trial judge granted the petition. The appellants appealed.
Issues
- What effect did the filing of Company Form 8 have on the respondent's position in the first appellant company.
- Whether the respondent remained a member of the first appellant company after filing Company Form 8.
- Whether the respondent had locus standi to petition for the winding up of the company under the Companies Act.
- Whether the trial judge erred in relying on evidence given in separate proceedings to which the respondent was not a party.
Orders
- Appeal allowed with costs in this court and in the High Court to the appellants.
- The judgment of the High Court and orders made thereunder are set aside.
Rules and key headnotes
Legislation cited (7)
Cases cited (1)
- Noble Builders v Sietco Ltd (Civil Suit No. 174 of 1990)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.