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Financing Of Companies Law Of Business Associations - Kyambadde Associates & Legal Consultants

Tuesday 14 July 2015

Financing Of Companies Law Of Business Associations

RAISING OF CAPITAL
Law Of Business Associations reading list continued
Shares, and share capital, allotment of shares, transfer and transmission of shares, prospectus, capital markets, borrowing, debentures and charges, maintenance of capital

STATUTORY PROVISIONS
Ss 5,60, 61, 62-97,98-114, Companies Act, 2012
The Chattles Transfer Act
The Investments Code Act, Cap 93
Capital Markets Authority (Amendment) Act, 2011, Ss. 3 (Inserting Part XA in Cap 84 – Sections 90A – 90AE), section 8. Also see relevant other provisions of the Capital Markets Authority Act, Cap 84
Capital Markets (Prospectus Requirements) Regulations SI 84-2, Parts I, II & III
Listing Rules of Uganda Securities Exchange
O.34A,6(f) Civil Procedure Rules.
BOOKS
Paul L. Davies: Chaps. 11, 12, 13, 24-32
Bakibinga: Chaps. 6, 7, 8, 9 & 10
KATENDE Ch.9
MUSISI Ch 14
PENNINGTON Chs. 6-14

Cases:

RE MTN Village Phone Uganda Ltd [2002-2004] The Uganda Commercial Law Reports 424
Twycross v. Grant (1877) 2 CBD 469
Clovergem Fish & Foods Ltd v. International Finance Corp & 7 Others [2002-2004] The Uganda Commercial Law Reports 132
Jack Wavamuno v. Kai Anderson & Others [2002-2004] The Uganda Commercial Law Reports 252
Amrit Goyal v. Hari Chand Goyal & Others [2002-2004] The Uganda Commercial Law Reports 36
Government Stocks and Other Securities Investment Co. Ltd. v. Christopher [1956] 1 ALL ER 490
SEC v. Ralston Purina Co.
Nash v Lynde [1929] AC 158
Re South of England Natural Gas Co. Ltd [1911] 1 Ch. 573
Derry v Peek (1889) 14 App. Cas. 339
New Brunswick & Canada Ry Co. v. Muggeridge (1860) 1 Dr & Sm 363
Illingworth v. Houldsworth [1904] AC 355
David Mpanga & Another v. Roliat Property Agency Ltd [1997-2001] The Uganda Commercial Law Reports 239
Noble Builders (U) Ltd & Another v. Jaspal S. Sandhu [1997-2001] The Uganda Commercial Law Reports 110
Tarloghan Singh v. Jaspal Phaguda & Others [1997-2001] The Uganda Commercial Law Reports 408
Capital Finance Co. Ltd. v Stokes [1968] 3 ALL ER 625
Watson v. Duff Morgan & Vermont Ltd [1974] 1 WLR 540
Re Monolithic Building Co. [1915] 1 Ch 643
Kasozi Dhambi v. Male Construction Services Co [1981] HCB 26

Xiii- Insolvency, Reconstructions, Amalgamations & Dissolution Of Companies [Week 4-6]
BOOKS
Paul l. Davies Appendix
Bakibinga Chap. 18
KATENDE Chap. 12
MUSISI Chap. 17

STATUTORY PROVISIONS
Sections 268 - 272 Part IX Companies Act, 2012
Insolvency Act, 2011 (For Corporate Insolvency see Part IV, Individual Insolvency see Part III)
Insolvency Regulations, 2013
The Companies (Winding-Up) Rules, SI 110-2
Striking a Defunct Company off the Company’s register
Section 259 for foreign company, Companies Act, 2012
Re Jan Mohammed Kisii Cinema Ltd (1971) EA 268
Re Moses Cohen Ltd (1957) 1 WLR 1007
Reconstruction and Amalgamation
Take-Overs, Mergers, Acquisition and Divisions of companies
Sections 234, 235 - 246 Companies Act, 2012
Bakibinga Chap 17
Indian Contractors Ltd V Puhoit 1965 A.L.R Comm. 325
Re South African Supply & Cold Storage Co. Ltd (1904) 2 Ch. 263

Winding –Up & Liquidation
Sections 268 - 272 Part IX Companies Act, 2012
Insolvency Act, 2011 (For Corporate Insolvency see Part IV, Individual Insolvency see Part III)
Insolvency Regulations, 2013
The Companies (Winding-Up) Rules, SI 110-2
Re Mastermind Tobacco (U) Limited Tobacco & Commodity Traders International Incorporated [2002-2004] The Uganda Commercial Law Reports 414
Re Muddu Awulira Enterprises Limited [2002-2004] The Uganda Commercial Law Reports 418
David Mpanga & Another v. Roliat Property Agency Ltd [1997-2001] The Uganda Commercial Law Reports 239
TransAfrica Assurance Co. Ltd v. Cimbria (EA) Ltd [1997-2001] The Uganda Commercial Law Reports 139
Noble Builders (U) Ltd & Another v. Jaspal S. Sandhu [1997-2001] Uganda Commercial Law Reports 110
Italian Construction Co V Parciroli (1967) EA 264
Hamburger & Sons Ltd V Nyanza Impex Ltd 1975(1) ALR Comm. 90, Civ. App No. 13 of 1975(EACA).
Hang & Ors. V Buhemba Mines Ltd op Cit.
Highlands Commercial Union Ltd V Jamal (1957) E.A 641
Lubega V K.C.C [1975] HCB 101; Civ.App.No.8 of 1975(EACA)
Re Olathe Silver Mining Company (1884) 27 Ch.D. 278
Re Dunderland Iron Ore Co. Ltd. [1909] 1 Ch 446
Re Rica Gold Washing Co. (1879) 11 Ch.D. 36
Re Chasterfield Catering [1976] 3 All ER 294
Langley Constructions (Brixham) Ltd v. Weills [1969] 1 WLR 503
Pulsford V Davenish (1903) 2 Ch. 625
Re Allied Food Products Ltd. [1975] HCB 294
Re Bugisu Bakery Ltd, Companies Cause No. 73 of 1987
Re Hoima Ginners Ltd.(No. 2) (1964) E.A 439
Rudewa Estates Ltd V Stamp Duty Commissioners (1966) EA 576
M.N Tejani V Official Receiver (1960) EASA 574
Re Patent Steam Engine Co.(1878) 8 Ch. D 464
Re Peter & Co. Ltd companies cause no. 18 of 1960 (Uganda)
Re Ranjani Nanji & Sons Ltd (1925) KLR 124
Re Rwakati Ranchers Ltd [1975] HCB 298
Re Sejpal Ltd [1957] E.A 289
Re Tanganyika Produce Agency Ltd [1957] E.A 241
Rudewa Estates Ltd V Commissioners of Stamp Duties [1966] E.A 576
For Cross Border Insolvency, See Part IX of the Insolvency Act, 2011
On Official Receiver and Regulation of Insolvency Practitioners, see Part VIII of the Insolvency Act, 2011.

Alternatives to Winding Up
- Voluntary arrangements
- Composition
- Scheme of arrangement
- Administration Order

Part II Partnership Law

BOOKS
David Bakibinga Partnership Law in Uganda, Law Africa Publishing (U) Ltd, 2011
Halsbury’s Laws of England, 4th Edition, Volume 35, Butterworths, London, 1981
Underhill’s Principles of the Law of Partnership, Buterworths, (10th Edition 1975).
Charles D. Drake: Law of Partnership, Sweet & Maxwell, London, 1977
(available at UCU library-but read with necessary modifications)

STATUTES
Partnership Act, 2010, Act 2 of 2010
Order 30 Civil Procedures Rules SI 71-1
1. FORMATION OF PARTNERSHIPS [Week 7]

STATUTORY PROVISIONS
Sections, 2, 3,4,47, 48, 49, 50 Partnership Act, 2010
Text Books
Bakibinga Chapters 1 & 2

CASES
Keith Spicer Ltd. v. Mansell(1970) 1 LRr 333
Davis v. Davis (1894] 1 Ch 393
Pooley v. Driver (1876) 5 Ch D.458
Femstone (1940) 23 T.C 29
Stekel v. Ellice [1973] 1 ALLER 465

2. RELATIONS OF PARTNERS TO PERSONS DEALING WITH THEM [Week 8]
Statutory provisions
Ss 5-20 Partnership Act, 2010
Order 30 Civil Procedure Rules SI 71-1

TEXT BOOKS:
Bakibinga Chapter 3
Underhill Ch. 3
DRAKE Ch.33

CASES GENERAL PRINCIPLES
Chand Sharma trading as Regal Provision Stores v. Bush mills [1957] E.A 404
Geoffrey Gatete & Angella Maria Nakigonya v. William Kyobe SCCA No. 7 of 2005
Mercantile Credit .Ltd V Garrord (1962) 2 ALL.E.R
Uganda Commercial Bank V Wanendeya and others, HCCS 84
Hinging V Beauchamp (1984) 3 K.d 1192

Nature of liability
Kenya Farmers Association Ltd. V Baron Von Tuereke (1932)
Serwan Singh v. Karam Singh Lal Puran Singh [1963] EA 423
TotanRam V Singh (1933) 5 ULR 76
Kenal V Hamilton (1879)4 App Cas 504
Robinson V Geisal (1894) 2 Q.B. 605
Horra V Morra [1959] E.A 981

Duration of Liability
Rambhai & Co. (U) Ltd. V Lalji Ratna & Anor.[1970] E.A 106
Rolfe V Flower, Salting & Co. (1865)L.R.I P.C 27
Doctrine of Holding out
Tower Cabinet Co. Ltd.V Ingrahm (1949) 2 K.B 397
Keith Spice Ltd V Mansell (1970) 1 LR 333
Davis v. Davis (1894) 1 Ch 391
Pooley-Driver (18940 1 Ch D. 458
Femstone (1940) 23 T.C 29
Stokel V Ellice (1973) 1 ALLER 465

3. RELATIONS OF PARTNERS TO ONE ANOTHER [Week 9]

Statutory Provisions
Sections 21-33 Partnership Act, 2010
Books
Bakibinga Chapter 4

Cases
Mcleod V Dowling(1927) 43 T.L.R 655
Jones V Lloyd (1874) L.R 18 EQ 265
Flydd DD V Cheney (1970)1 ALL.ER 446
Sobell V Boston (1975) 2 ALL ER 282
P.G Zala V J.M Patel (1971) 1 ULR 170
Trego V Hunt (1896) A.C 7
Westbourne Gallearies V Ebrahimi [1973] A.C 360

4. DISSOLUTION OF PARTNERSHIPS [Week 10]

Statutory Provisions
Sections 34-46 Partnership Act, 2010
Order 37 Civil Procedure Rules SI 71-1

Books
Bakibinga Chapter 5

Cases
Rambhai & Co. Uganda Ltd v. Lalji Ratna and Another [1970] EA 106
Pius Ogoola v. Othieno Okoth [2001-2004] The Uganda Commercial Law Reports 381
Tower Cabinet Co. ltd v. Ingram [1949] 1 ALL ER 1033

5. LIMITED LIABILITY PARTNERSHIPS [Week 11-12]

Statutory Provisions
Sections 47-59 Partnerships Act, 2010
- Meaning
- Procedure for registration
- Registration of change in particulars
- Management
- Winding up
- Conversion of partnerships
- Rules and regulations

GENERAL ARTICLES
HANBURY Partners in Property 43. L.Q.R 392
GOUDLE Leases and Partnerships 35 Conv.(M.S) 17
ANDREWS The Criminal Liability of Partners (Justice of Peace 176.
RAEBRUN The So-called Lien of a Partner 12 M.L.R
SANDRAS Small Business -Suggesting for Simplified Forms of Incorporation (1970) J.B.L 14
CHIRSCHELD Partnership with Limited Liability in Germany 92L..R.,625
GOODHART Statutory Definition of a Partnership 41L.Q.R 213 & 234
PORTER Partnership Land and “Undivided Shares”, 46, L.R 77
JONES Unjust Enrichment and Fiduciary Duty of Loyalty(1968) 84 L.Q.R 472 5Q.L.Q.R 19

P.G Limited Partners in America and England 27 L.Q.R 5; Preparation for Competition After Dissolutions of a Partnership 11 L.Q.R 21Q 12L.Q.R. 94

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