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Tanzania decisions
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The High Court of Tanzania allowed an application under section 137 to cure quorum problems in a company after the death of a director-shareholder, enabling a members’ meeting.
The High Court ordered S&M Water Ltd to convene an extraordinary general meeting to approve share transmission and appoint a new director after quorum was lost.
The petitioner, as administrator of the estate of a deceased shareholder, is not a member but is a person to whom shares have been transferred by operation of law and thus has locus standi under section 233(2) of the Companies Act to petition for unfair prejudice. The petitioner is a director of the 2nd respondent company as per the unchallenged official search report from the Registrar of Companies. Both the petitioner and the 1st respondent, as directors, have committed unfair and prejudicial practices against each other and the company by acting unilaterally and failing to cooperate. There…
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The High Court Commercial Division recorded a Deed of Settlement in a company dispute, marking the petition settled by consent and making the deed part of the decree.
Petitioners, as administrators and shareholders by transmission, have locus standi as contributories; the company has not operated since 2014, has no assets, directors, or interested parties, and all claims have been settled; it is just and equitable to wind up the company.
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