20170605 TZCA Dar es Salaam
The respondent was not served with notice to attend the board meeting, rendering the meeting and subsequent resolutions invalid. The call for payment of 75% of share value was unlawful under Regulation 11 of Table A. Forfeiture of shares and removal of the respondent as director were irregular and invalid. The Commercial Court had jurisdiction to adjudicate defamation arising from commercial disputes, but the trial judge erred by not sitting with assessors as required by the Newspapers Act. The appellant's counterclaim was not considered as it was omitted from the amended written statement of…
Source excerpt
- Shareholder rights
- Director removal
- Board meetings
- Forfeiture of shares
- Defamation in commercial context
- Jurisdiction of commercial courts