Speedbird Forex Bureau Limited (Company Cause No. 78 of 2024)
Speedbird Forex Bureau Limited (Company Cause No. 78 of 2024) [2024] UGCommC 383 (24 September 2024)
The Court found that it has jurisdiction under Section 121 of the Companies Act to rectify the company register where entries are made in error or documentation is incomplete. The absence of transfer forms and inability to retrieve information due to the passage of time and unavailability of former shareholders constitute sufficient cause for judicial intervention. The Court determined that rectification is necessary to reflect the true membership, enable regulatory compliance, and allow the Applicant to continue its business. The lack of objection from URSB and the continued management of th…
Source excerpt
- Company Register Rectification
- Share Transfer Documentation
- Director Appointment
- Company Membership Dispute