morogoro hunting safaris limited vs halima mohamed mamuya 2017 tzca 227 8 june 2017
The forfeiture of the respondent's shares and her removal as director were invalid due to lack of proper notice for board meetings and non-compliance with statutory requirements. The call for payment of 75% of nominal share value was unlawful. The Commercial Division had jurisdiction over the defamation claim as it arose from the same transaction, but the award for defamation was set aside due to failure to sit with assessors as required by law. The respondent's claim for reimbursement of expenses was reversed for lack of board authorization. The appellant's counterclaim was dismissed as it w…
Source excerpt
- Shareholder rights
- Directors' duties
- Forfeiture of shares
- Defamation
- Jurisdiction of commercial court
- Board meetings