Kiberu & 3 Others v Ssekito
Kiberu & 3 Others v Ssekito (Petition Cause 38945 of 2024) [2025] UGRSB 5 (4 March 2025)
The petitioners, holding a supermajority of shares and directorships in Bakugu Agricultural Technologies Ltd, do not qualify as minority shareholders and thus lack locus to bring a petition for minority oppression under section 243 of the Companies Act. The evidence shows that the petitioners collectively regained their majority shareholding prior to filing the petition, and the remedies sought are outside the jurisdiction of the Registrar of Companies. Allegations of prejudicial conduct and breach of director duties are matters for the High Court, not the Registrar. The petition is therefore…
Source excerpt
- Minority Oppression
- Shareholder Rights
- Director Duties
- Company Resolutions