NGATIBATANEYI (PVT) LTD v MOYO & ANOR 2007 (1) ZLR 330 (S)
Citation | 2007 (1) ZLR 330 (S) |
Case No | Judgment No. S-13-07 |
Court | Supreme Court, Harare |
Judge | Sandura JA, Ziyambi JA and Malaba JA |
Heard | 5 March 2007 |
Judgment | 29 May 2007 |
Counsel | U Sakhe, for the appellant |
Case Type | Civil appeal |
Annotations | Link to case annotations |
Flynote
Company — director — acts by — validity — disposal of greater part of assets of company — requirement for specific approval of company in general meeting — directors having no power to dispose of such assets under internal regulations — Companies Act [Chapter 24: 03] — s 183 — intention behind the section — protection of assets of a company from disposal without knowledge and consent of shareholders — limitation of powers of directors — s 12(a) — interrelationship with s 183 — s 183 not subservient to s 12(a) — section of the Act not to be construed as part of the internal regulations of a company
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