agapiti edward kobello another vs registrar of companies 2023 tzhccomd 270 9 august 2023

agapiti edward kobello another vs registrar of companies 2023 tzhccomd 270 9 august 2023

The court found that due to the death of two out of three directors, it was impracticable for the company to transact business or convene meetings, justifying the grant of orders to allow the 1st Applicant to convene a shareholders meeting and update company records.

Source-derived case information.

Citation
agapiti edward kobello another vs registrar of companies 2023 tzhccomd 270 9 august 2023
Parties
1st Applicant: Agapiti Edward Kobello; 2nd Applicant: Arbiter Tanzania Limited; Respondent: Registrar of Companies
Court
TZHCCOMD
Jurisdiction
Tanzania
Judgment Date
9 August 2023
Procedural Posture
Miscellaneous Commercial Application / Ruling on Application for Orders Under Certificate of Urgency
Outcome
Application granted
Legal Topics
Annual Returns, Appointment of Directors, Company Registry, Shareholders Meeting, Corporate Governance
Source Language
en
Company Law Annual Returns Appointment of Directors Company Registry Shareholders Meeting Corporate Governance

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Parties

Agapiti Edward Kobello

1st Applicant

Arbiter Tanzania Limited

2nd Applicant

Registrar of Companies

Respondent

Procedural Posture

Miscellaneous Commercial Application / Ruling on Application for Orders Under Certificate of Urgency

  1. 1 Whether the court should grant leave for the 1st Applicant to convene a shareholders meeting and update company records in the BRELA ORS due to lack of quorum caused by death of directors

Ratio Decidendi

The court found that due to the death of two out of three directors, it was impracticable for the company to transact business or convene meetings, justifying the grant of orders to allow the 1st Applicant to convene a shareholders meeting and update company records.

Court Disposition

Application granted

Orders

  • The 1st Applicant is ordered to convene a shareholders meeting and pass a resolution to update company records at BRELA through the ORS and appoint new directors.
  • The shareholders meeting must be convened within 90 days from the date of the ruling and necessary changes made in the BRELA ORS within the same period.