PINAMANG vs. ABROKWA [1991]DLCA2287

Date	1991-07-18
Suit No.
Citation No.	[1991]DLCA2287

AMPIAH JA

LAMPTEY JA

ESSIEM JJ.A

JAMES AHENKORAH FOR THE RESPONDENTS.

J. K. AGYEMANG (WITH HIM ZWENNES) FOR THE APPELLANT.

[1991]DLCA2287
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													<main id="main" class="content" style="min-height: 60rem" ><p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; text-align: center; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">PINAMANG<o:p></o:p><p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; text-align: center; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">vs.<o:p></o:p><p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; text-align: center; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">ABROKWA<o:p></o:p>[COURT OF APPEAL, ACCRA]<o:p></o:p>[1991] 2 GLR 384<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

</div>COUNSEL:<o:p></o:p>JAMES
AHENKORAH FOR THE RESPONDENTS.<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

J.
K. AGYEMANG (WITH HIM ZWENNES) FOR THE APPELLANT.<o:p></o:p>

AMPIAH,
LAMPTEY AND ESSIEM JJ.A<o:p></o:p>

</div><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:115%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">JUDGMENT
OF LAMPTEY J. A.<o:p></o:p>

</div><p class="MsoNormal" style="margin-bottom: 5pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">By an originating motion supported
by an affidavit which ran into 26 paragraphs, the two applicants, namely
Michael Kwaku Abrokwa and James Adona Mensah, in their capacities as
shareholders in Ashanti Furniture Co. Ltd. pursuant to section 218 of the Companies
Code, 1963 (Act 179) sought the following directions:<o:p></o:p><p class="MsoNormal" style="margin: 0cm 0cm 5pt 54pt; text-align: justify; text-indent: -36pt; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;“All proper accounts and inquiries be taken or made regarding the
conduct of the affairs of the company by Francis Kwaku Pinamang, managing
director of the company and that he be made to pay to the company all moneys
found due from him to the company on such accounts.<o:p></o:p><p class="MsoNormal" style="margin: 0cm 0cm 5pt 54pt; text-align: justify; text-indent: -36pt; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That the current chairman of the company he removed from the
board.<o:p></o:p><p class="MsoNormal" style="margin: 0cm 0cm 5pt 54pt; text-align: justify; text-indent: -36pt; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That Pinamang be prohibited from conducting the affairs of the
company otherwise than in accordance with the valid decisions of the company
and that he further be prohibited from regarding the company as if it were his
personal property. And for such further or other orders this honourable court
will seem fit.”<o:p></o:p><p class="MsoNormal" style="margin-bottom: 5pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">After a protracted hearing, the
learned trial judge made the following orders:<o:p></o:p><p class="MsoNormal" style="margin-bottom: 5pt; text-align: justify; text-indent: -18pt; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">(a).&nbsp;&nbsp;“That the company’s affairs be
investigated from 1979 by a firm of chartered accountants and auditors to the
date of commencement of the action and that the investigation should in no
event take more than three months.<o:p></o:p><p class="MsoNormal" style="margin-bottom: 5pt; text-align: justify; text-indent: -18pt; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">(b).&nbsp;&nbsp;That the acting managing director
should continue in office subject to the supervision of the court and until the
accountants have reported.<o:p></o:p>