Batenze v Liberation Community Finance Limited (Company Cause 1 of 2025)
Batenze v Liberation Community Finance Limited (Company Cause 1 of 2025) [2025] UGHCCD 52 (5 May 2025)
The court found that the applicant had made all reasonable efforts to trace the absent co-shareholder/director, including public notices, but these were unsuccessful. The company's constitution requires two members for quorum, making it impossible to conduct meetings or make essential decisions. Section 138 of the Companies Act empowers the court to intervene where it is impracticable to call or conduct meetings as prescribed. The court determined that the circumstances justified granting leave for the applicant to call, hold, and conduct a members' meeting alone, pass resolutions to increase…
Source excerpt
- Company Meetings
- Quorum Requirements
- Share Capital Increase
- Appointment Of Directors