Re: official Receiver (HCT-00-CC-MC 14 of 2006) [2006] UGCommC 63 (9 November 2006)

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.}}{\*\pnseclvl2\pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}} {\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8 \pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \qc \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\insrsid3895704\charrsid16280127 THE REPUBLIC OF UGANDA \par \par IN THE HIGH COURT OF UGANDA AT KAMPALA \par COMMERCIAL COURT DIVISION \par \par \par HCT-00-CC-MC-0014-2006 \par }\pard \ql \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid3895704\charrsid16280127 \par IN THE MATTER OF OFFICIAL RECEIVER \'85\'85\'85\'85\'85 APPLICANT \par \par }\pard \qc \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid3895704\charrsid16280127 VERSUS \par }\pard \ql \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid3895704\charrsid16280127 \par THE COMPANIES ACT CAP. 110 \'85\'85\'85\'85\'85..\'85\'85.. RESPONDENT \par }{\b\i\ul\insrsid11173692\charrsid16280127 Legislation referred to: \par {\listtext\pard\plain\i\lang1033\langfe1033\langnp1033\langfenp1033\insrsid11173692\charrsid16280127 \hich\af0\dbch\af0\loch\f0 1.\tab}}\pard \ql \fi-360\li720\ri0\sl360\slmult1\widctlpar \jclisttab\tx720\aspalpha\aspnum\faauto\ls3\adjustright\rin0\lin720\itap0\pararsid11173692 {\i\insrsid11173692\charrsid16280127 Companies Act \par {\listtext\pard\plain\i\lang1033\langfe1033\langnp1033\langfenp1033\insrsid7947057\charrsid16280127 \hich\af0\dbch\af0\loch\f0 2.\tab}}{\i\insrsid7947057\charrsid16280127 Company (winding up) Rules}{\i\insrsid11173692\charrsid16280127 \par {\listtext\pard\plain\i\lang1033\langfe1033\langnp1033\langfenp1033\insrsid7947057\charrsid16280127 \hich\af0\dbch\af0\loch\f0 3.\tab}}{\i\insrsid7947057\charrsid16280127 Civil Procedure Rules \par }\pard \ql \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\b\i\ul\insrsid11173692\charrsid16280127 \par }{\insrsid3895704\charrsid16280127 \par \par }\pard \qc \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid3895704\charrsid16280127 BEFORE: HON. MR. JUSTICE LAMECK N. MUKASA \par \par RULING: \par }\pard \ql \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid3895704\charrsid16280127 \par }\pard \qj \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid3895704\charrsid16280127 This is an application or direction}{\insrsid806593\charrsid16280127 s}{\insrsid3895704\charrsid16280127 by the Official Receiver brought Under Section 347 (3) of the Companies Act, Rule 7 (2) of the Company (winding up) Rules and Order 34 A (now 38) rule 6}{\insrsid806593\charrsid16280127 (r) }{\insrsid3895704\charrsid16280127 of the Civil Procedure Rules for Orders that:}{\insrsid15813523\charrsid16280127 :}{\insrsid3895704\charrsid16280127 \par }{\insrsid15813523\charrsid16280127 \par {\listtext\pard\plain\lang1033\langfe1033\langnp1033\langfenp1033\insrsid15813523\charrsid16280127 \hich\af0\dbch\af0\loch\f0 (a)\tab}}\pard \qj \fi-420\li780\ri0\sl360\slmult1\widctlpar \jclisttab\tx780\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin780\itap0\pararsid7368186 {\insrsid15813523\charrsid16280127 The Official Receiver be granted authority to expend part of the money held on the }{\insrsid5396482\charrsid16280127 Companies Contingency}{\insrsid15813523\charrsid16280127 Fund Account for activities /items necessary for carrying out more efficien}{\insrsid806593\charrsid16280127 tl}{\insrsid15813523\charrsid16280127 y his duties. \par {\listtext\pard\plain\lang1033\langfe1033\langnp1033\langfenp1033\insrsid15813523\charrsid16280127 \hich\af0\dbch\af0\loch\f0 (b)\tab}Any other related issues. \par }\pard \qj \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid15813523\charrsid16280127 \par The application is supported by an affidavit sworn by B}{\insrsid806593\charrsid16280127 e}{\insrsid15813523\charrsid16280127 manya Twebaze a Senior State Attorney working in the Department of }{\insrsid806593\charrsid16280127 the }{ \insrsid15813523\charrsid16280127 Registrar General/Official Rece}{\insrsid806593\charrsid16280127 iver/liquidator Section of the Re}{\insrsid15813523\charrsid16280127 gistrar General\rquote s Department of the Ministry of Justice and Constitutional Affairs. \par \par Section 347 (I) of the Companies Act authorities the official receiver whenever the cash balance standing to the credit of the Companies Liquidation Account is in excess of the amount which in his opinion is required for the }{ \insrsid8268451\charrsid16280127 time being}{\insrsid15813523\charrsid16280127 }{\insrsid7368186\charrsid16280127 to answer}{\insrsid15813523\charrsid16280127 claims against the account to place that balance or any part of it on a fixed}{ \insrsid806593\charrsid16280127 deposit with a Bank. Under sub}{\insrsid15813523\charrsid16280127 -}{\insrsid8268451\charrsid16280127 section 3}{\insrsid15813523\charrsid16280127 of the above section all interest accruing from any money so place}{ \insrsid806593\charrsid16280127 d}{\insrsid15813523\charrsid16280127 on deposit shall be paid by the official receiver to}{\insrsid806593\charrsid16280127 }{\insrsid15813523\charrsid16280127 th}{\insrsid806593\charrsid16280127 e}{ \insrsid15813523\charrsid16280127 Credit of a separate account entitled }{\insrsid8268451\charrsid16280127 the Companies}{\insrsid15813523\charrsid16280127 Contingency Fund. When it appears that it is in the public interest to do so and that other funds are not available or properly }{\insrsid8268451\charrsid16280127 cha}{\insrsid806593\charrsid16280127 r}{\insrsid8268451\charrsid16280127 gea ble, the Court may on the application of the official receiver}{\insrsid7368186\charrsid16280127 , authorise}{\insrsid8268451\charrsid16280127 him or her }{\insrsid7368186\charrsid16280127 to employ}{\insrsid8268451\charrsid16280127 money in the }{ \insrsid806593\charrsid16280127 C}{\insrsid8268451\charrsid16280127 ompanies Contingency Fund to meet expenditure which it shall consider necessary or advisable }{\insrsid7368186\charrsid16280127 to incur}{\insrsid8268451\charrsid16280127 for the }{ \insrsid806593\charrsid16280127 purpose }{\insrsid8268451\charrsid16280127 of enabling }{\insrsid7368186\charrsid16280127 the official receiver to carry out}{\insrsid8268451\charrsid16280127 more efficiently the provision of }{ \insrsid7368186\charrsid16280127 and his}{\insrsid8268451\charrsid16280127 /her duties under the Act.}{\insrsid15813523\charrsid16280127 \par }{\insrsid8268451\charrsid16280127 \par The Official Receiver, in her affidavit in support of this application}{\insrsid806593\charrsid16280127 ,}{\insrsid8268451\charrsid16280127 is seeking funds for the following activities.- \par \par {\listtext\pard\plain\lang1033\langfe1033\langnp1033\langfenp1033\insrsid8268451\charrsid16280127 \hich\af0\dbch\af0\loch\f0 (1)\tab}}\pard \qj \fi-405\li765\ri0\sl360\slmult1\widctlpar \jclisttab\tx765\aspalpha\aspnum\faauto\ls2\adjustright\rin0\lin765\itap0\pararsid7368186 {\insrsid8268451\charrsid16280127 Funds for payment of salaries and allowance}{\insrsid806593\charrsid16280127 s}{\insrsid8268451\charrsid16280127 }{ \insrsid16669565\charrsid16280127 for secretarial and}{\insrsid8268451\charrsid16280127 administrative work. }{\insrsid16669565\charrsid16280127 The Officer}{\insrsid8268451\charrsid16280127 Receiver ha}{\insrsid806593\charrsid16280127 s}{ \insrsid8268451\charrsid16280127 due to increased work engage}{\insrsid806593\charrsid16280127 d}{\insrsid8268451\charrsid16280127 }{\insrsid15090372\charrsid16280127 a}{\insrsid8268451\charrsid16280127 Secretary }{\insrsid16669565\charrsid16280127 and }{\insrsid806593\charrsid16280127 an }{\insrsid16669565\charrsid16280127 Administrative}{\insrsid8268451\charrsid16280127 }{\insrsid16669565\charrsid16280127 Assistant for handling the liquidation and bankruptcy matters. Previously, facilitation for the staff was with permission of }{\insrsid806593\charrsid16280127 the }{\insrsid16669565\charrsid16280127 Privatisation Unit, from account of Companies in liquidation that they have handled. The dep}{\insrsid806593\charrsid16280127 onent}{\insrsid16669565\charrsid16280127 aver}{\insrsid806593\charrsid16280127 s}{\insrsid16669565\charrsid16280127 that such liquidation under the Privatisation }{\insrsid5396482\charrsid16280127 Unit is}{\insrsid16669565\charrsid16280127 about to conclude. The staff is required by the Official Receiver in several other cases the s ection handles arising out of Court, }{\insrsid7368186\charrsid16280127 Voluntary Liquidation}{\insrsid16669565\charrsid16280127 and Bankruptcy cases. }{\insrsid8268451\charrsid16280127 \par {\listtext\pard\plain\lang1033\langfe1033\langnp1033\langfenp1033\insrsid5396482\charrsid16280127 \hich\af0\dbch\af0\loch\f0 (2)\tab}}{\insrsid5396482\charrsid16280127 The maintenance}{\insrsid16669565\charrsid16280127 of }{ \insrsid806593\charrsid16280127 a}{\insrsid16669565\charrsid16280127 motor vehicle and motorcycle acquired through funds authorized by this Honourable Court to be expended under the Order issued on 31}{\super\insrsid16669565\charrsid16280127 st}{ \insrsid16669565\charrsid16280127 March 2004. \par {\listtext\pard\plain\lang1033\langfe1033\langnp1033\langfenp1033\insrsid16669565\charrsid16280127 \hich\af0\dbch\af0\loch\f0 (3)\tab}To tra in and hire personnel to feed data into the computers using the soft ware programmer developed for computarisation of the Official }{\insrsid10952434\charrsid16280127 Receivers Operations}{\insrsid16669565\charrsid16280127 so that the initial development }{\insrsid6583008\charrsid16280127 and installation}{\insrsid16669565\charrsid16280127 cost does not go to waste. \par {\listtext\pard\plain\lang1033\langfe1033\langnp1033\langfenp1033\insrsid16669565\charrsid16280127 \hich\af0\dbch\af0\loch\f0 (4)\tab}Funds to }{\insrsid10952434\charrsid16280127 a}{\insrsid16669565\charrsid16280127 ffiliate to Intern ational Insolvency Practitioners Associations and attend related meeting}{\insrsid13062169\charrsid16280127 s}{\insrsid16669565\charrsid16280127 so a}{\insrsid10952434\charrsid16280127 s to acquire the training and exposure in the challenging and fast developing field of Insolvency Practice in Uganda and for subscription to the International Insolvency Practitioners }{\insrsid13062169\charrsid16280127 A}{ \insrsid10952434\charrsid16280127 ssociation, an International body bringing together all the }{\insrsid6583008\charrsid16280127 worlds\rquote }{\insrsid10952434\charrsid16280127 insolvency practitioners. \par {\listtext\pard\plain\lang1033\langfe1033\langnp1033\langfenp1033\insrsid10952434\charrsid16280127 \hich\af0\dbch\af0\loch\f0 (5)\tab}Funds to purchase more cabinets}{\insrsid13062169\charrsid16280127 ,}{\insrsid10952434\charrsid16280127 }{ \insrsid13062169\charrsid16280127 a}{\insrsid10952434\charrsid16280127 fridge and a motor vehicle. \par {\listtext\pard\plain\lang1033\langfe1033\langnp1033\langfenp1033\insrsid13062169\charrsid16280127 \hich\af0\dbch\af0\loch\f0 (6)\tab}}{\insrsid13062169\charrsid16280127 Funds to pay overhead}{\insrsid10952434\charrsid16280127 costs for office operations like paying telephone bills and servicing office equipments.}{\insrsid15102806\charrsid16280127 }{\insrsid10952434\charrsid16280127 \par }\pard \qj \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid15102806\charrsid16280127 \par A budget for effective service delivery was attached to the affidavit in annexture B }{\insrsid1077873\charrsid16280127 showing a}{\insrsid15102806\charrsid16280127 total sum of Shs139}{\insrsid7368186\charrsid16280127 , 100,000}{ \insrsid15102806\charrsid16280127 /=. It is averred that }{\insrsid6884980\charrsid16280127 the activities }{\insrsid13062169\charrsid16280127 to be undertaken}{\insrsid6884980\charrsid16280127 with the authorization of Court}{ \insrsid13062169\charrsid16280127 ,}{\insrsid6884980\charrsid16280127 have no corresponding budgetary provisions in the departmental budget as they are procured outside the mainstream budget, thus this application.}{\insrsid15102806\charrsid16280127

\par }{\insrsid6884980\charrsid16280127 \par It is in the public interest }{\insrsid15090372\charrsid16280127 that }{\insrsid6884980\charrsid16280127 funds are provided for the items outlined above }{\insrsid1077873\charrsid16280127 to enable}{\insrsid6884980\charrsid16280127 the Official Receiver more efficiently }{\insrsid1077873\charrsid16280127 carry out}{\insrsid6884980\charrsid16280127 her duties. It is }{\insrsid1077873\charrsid16280127 the Official}{\insrsid6884980\charrsid16280127 Receiver}{ \insrsid13062169\charrsid16280127 \rquote s}{\insrsid6884980\charrsid16280127 contention that there are no budgetary provisions for the required funds. In paragraph 11 of the affidavit in support the deponent avers that th}{ \insrsid13062169\charrsid16280127 e Official Receiver Operates a C}{\insrsid6884980\charrsid16280127 ompanies Contingency Fund Account with the Crane Bank Ltd on which monies generated as interest are deposited and has accumulated to over 500,000,000/=

\par \par Paragraph 11 of the affidavit shows that both monies generated as fees or interest are deposited by the Official Receiver on the Companies Contingency Fund. Subsection 3 of Section 347 }{\insrsid13062169\charrsid16280127 requires that }{ \insrsid2101777\charrsid16280127 funds to be place}{\insrsid13062169\charrsid16280127 d}{\insrsid2101777\charrsid16280127 on the Companies Contingency Funds is interest which accrues on a fixed deposit as excess from the fixed Companies Liquidation Account. The affidavit does not show how much of }{\insrsid10692928\charrsid16280127 t}{\insrsid2101777\charrsid16280127 he \lquote Shs500}{\insrsid7368186\charrsid16280127 , 000,000}{\insrsid2101777\charrsid16280127 /= on the }{\insrsid10692928\charrsid16280127 C}{\insrsid2101777\charrsid16280127 ompanies Contingency Funds Account is such interest.}{ \insrsid6884980\charrsid16280127 \par }{\insrsid2101777\charrsid16280127 \par The above withstanding, the authority sought by the Official Receiver is granted. The Official Receiver is authorized to spend a sum of not more than Shs139}{\insrsid7368186\charrsid16280127 , 100,000}{\insrsid2101777\charrsid16280127 /= from the Companies Contingency Fund for the activities detailed in the Budget annexed to the }{\insrsid7368186\charrsid16280127 application and}{\insrsid13572196\charrsid16280127 marked B. For the }{\insrsid7368186\charrsid16280127 proper administration}{\insrsid13572196\charrsid16280127 of the funds authorized as aforesaid the Official Receiver shall follow and adhere t}{\insrsid9585271\charrsid16280127 o}{\insrsid13572196\charrsid16280127 }{\insrsid7368186\charrsid16280127 the Government Procurement}{\insrsid13572196\charrsid16280127 procedure prevailing in Uganda }{\insrsid7368186\charrsid16280127 and exclusively}{\insrsid13572196\charrsid16280127 use the funds for the official duties }{\insrsid7368186\charrsid16280127 of the}{\insrsid13572196\charrsid16280127 Official Receiver within the meaning of }{\insrsid7368186\charrsid16280127 Section 347}{\insrsid13572196\charrsid16280127 of the Companies Act.}{\insrsid2101777\charrsid16280127 \par }{\insrsid13572196\charrsid16280127 \par I so order. \par \par }\pard \ql \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid13572196\charrsid16280127 \par \par \par }\pard \qc \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid13572196\charrsid16280127 Hon. Mr. Lameck Mukasa \par Judge \par 10/11/2006 \par \par }\pard \ql \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid13572196\charrsid16280127 \par }{\insrsid10952434\charrsid16280127 \par }{\insrsid16669565\charrsid16280127 \par }{\insrsid3895704\charrsid16280127 \par \par }\pard \qc \li0\ri0\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7368186 {\insrsid3895704\charrsid16280127 \par \par }}