Uganda Revenue Authority v Crane Autos Limited (In Liquidation) & 5 Others (Miscellaneous Application 372 of 2024)
Observed later treatment
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Holding
Held that the court retains discretion under sections 67(6) and 77(7) of The Insolvency Act to defer dissolution of a company in liquidation even after the statutory three-month period, where the dissolution is vitiated by fraud or where it is just that the company be restored to the register. Where a company is reasonably suspected to have engaged in tax fraud or unlawful tax avoidance, deferral may be granted in the public interest to facilitate investigation and recovery. The dissolution of the 1st respondent was deferred for six months to permit the applicant to pursue its tax claims.
Outcome
Dissolution of the 1st respondent deferred until 16th January 2025 to facilitate recovery of unpaid tax liabilities
Facts
URA investigated the 1st respondent for tax evasion involving a ten-year period from 2010 to 2022. The investigation revealed that the 1st respondent operated through a Dubai branch and engaged in transfer pricing to shift profits offshore, thereby avoiding Ugandan tax on income of approximately UGX 20 billion. Following URA's tax assessment, the 1st respondent's shareholders commenced voluntary winding up proceedings in March 2023 and appointed a liquidator. Prior to and during the liquidation, the directors of the 1st respondent divested their interests in associated companies to a sales manager. The liquidator filed the final return on 1st December 2023, setting in motion the statutory three-month period for deemed dissolution. URA filed this application on 28th February 2024 seeking to defer dissolution to pursue its tax claim. On 7th March 2024, before the court could hear the application, the Official Receiver issued a certificate of dissolution stating the 1st respondent had dissolved on 1st March 2024.
Issues
- Whether the court has power to defer the dissolution of a company dissolved by operation of law under section 77(7) of The Insolvency Act after the three-month statutory period has elapsed.
- Whether the certificate of dissolution issued by the Official Receiver should be cancelled.
- Whether the applicant has demonstrated sufficient grounds to defer the dissolution of the 1st respondent on account of suspected tax fraud or unlawful tax avoidance.
Orders
- Application allowed.
- The dissolution certificate issued on 7th March 2024 is revoked.
- The dissolution of the 1st respondent is deferred for six months from the date of this decision, i.e. until 16th January 2025 or such other time as the court may direct.
- Costs of the application awarded to the applicant, to be recovered as part of the costs of liquidation of the 1st respondent.
Rules and key headnotes
Legislation cited (21)
- Insolvency Act s.77(7)
- Insolvency Act s.67(6)
- Civil Procedure Act s.98
- Civil Procedure Rules Order 52 Rule 1
- Insolvency Act s.114(4)
- Insolvency Act s.114(5)
- Interpretation Act s.34
- Insolvency Act s.108
- Insolvency Act s.15
- Insolvency Act s.16
- Insolvency Act s.17
- Insolvency Act s.18
- Insolvency Act s.19
- Companies Act s.20
- Income Tax Act s.95(1)
- Insolvency Act s.117(1)(a)
- Insolvency Act s.199(a)
- Insolvency (Investigation and Prosecution) Regulations, SI No. 4 of 2018
- Companies (Powers of the Registrar) Regulations, 2016 Regulation 3(e)
- Companies Act s.271
- Estates of Missing Persons (Management) Act s.20
Cases cited (31)
- Re Working Project Ltd [1995] 1 BCLC 231
- Vasudevan v Icab Pte Ltd [1987] SLR(R) 46
- Niwamanya Roseline v Happy Charles and Four others (H.C. Civil Suit No. 582 of 2022)
- In re Exten Inv Fund (IVL) Ltd (2017) (1) CILR N 11
- Kelso Enterprises Ltd v Liu Yiu Keung [2007] HKCA 284
- Re Phillip Powis Ltd [1998] 1 BCLC 440
- Re Border Control Solutions Ltd [2022] 1 BCLC 454
- Stanhope Pension Trust Ltd v Registrar of Companies [1994] 1 BCLC 628
- Kumar v Secretary of State for Business, Energy and Industrial Strategy [2021] EWHC 2965
- Kerol Pty Ltd and another v. Vergeld Engineering Pty Ltd and others No SCGRG-97-1497, 30 April 1998, BC9801788 (unreported)
- In the matter of Skye Assets Fund SPC (in voluntary liquidation) [2021] (2) CILR 190
- Re ACN 002 408 040 PTY LTD (in liq) [2013] 94 ACSR 485
- Re Santos Petroleum Operations Pty Ltd (in liq) [2016] SASC 201
- Campbell-Wilson v Australian Securities and Investments Commission [2017] FCA 391
- Lonrho Ltd v Shell Petroleum Co Ltd [1980] 1 WLR 627
- Brady v Brady [1968] 2 All ER 617
- Tendcare Medical Group Holdings v Gong Ruizhong [2021] SGHC 80
- Schramm and Hiscox Syndicate 33 v Financial Secretary [2004-05] CILR 39
- Re Wood and Martin (Bricklaying Contractors) [1971] 1 WLR 293
- Pinto Silver Mining Co (1878) 8 Ch D 273
- London and Caledonian Marine Ins Co (1878) 11 Ch D 140
- Russian & English Bank v Baring Brothers & Co Ltd [1936] AC 405
- In the Matter of Real Estate and Finance Fund, FSD 135 of 2022
- Campillo v Registrar of Companies [2001] CILR 547
- East End Dwellings Co Ltd v Finsbury Borough Council [1952] AC 109
- Lazarus Estates Ltd v Beasley [1956] 1 QB 702
- Furness v Dawson [1984] AC 474
- W T Ramsay Ltd v Inland Revenue Commissioners [1982] AC 300
- Inland Revenue Commissioners v Duke of Westminster [1936] AC 1
- Re Steelmaster Pty Ltd (in liq) [1992] 6 ACSR 494
- Kampala Nissan v Uganda Revenue Authority (H.C. Civil Appeal No. 7 of 2009)
Cases citing this judgment (3)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
Full judgment
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