IN THE MATTER OF AN APPLICATION PURSUANT TO SECTIONS 217 AND 218 OF THE COMPANIES ACT, 1963 (ACT 179) AND IN THE MATTER OF AFRICAN CONCRETE PRODUCTS LIMITEDAND IN THE MATTER BETWEEN JOHAN GERALD KNOL, DIANA VICKI KNOL AND JUSTICE KWASI BOAKYE AS ADMINISTRATOR OF THE ESTATE OF ABRAHAM RICHARD BOAKYE (APPLICANTS/RESPONDENTS) vs. CARL FRANCIS RICHARDS, SOLOMON QUANDZIE AND AFRICAN CONCRETE PRODUCTS LIMITED (RESPONDENT/APPELLANTS) [2019]DLCA7714

IN THE MATTER OF AN APPLICATION PURSUANT TO SECTIONS 217 AND 218 OF THE COMPANIE... [2019]DLCA7714

Date	2019-11-19
Suit No.	SUIT NO. H1/187/18
Citation No.	[2019]DLCA7714

FRANCIS KUSI-APPIAH J.A (PRESIDING)

HENRY KWOFIE J.A

AMMA GAISIE J.A

NANA SERWAA AKOSAH FOR THE APPLICANT/RESPONDENT

FRANCESCA AWOTWI FOR THE RESPONDENT/APPELLANTS

[2019]DLCA7714
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													<main id="main" class="content" style="min-height: 60rem" >IN THE MATTER OF AN APPLICATION PURSUANT TO SECTIONS 217 AND 218
OF THE COMPANIES ACT, 1963 (ACT 179) AND IN THE MATTER OF AFRICAN CONCRETE
PRODUCTS LIMITEDAND IN THE MATTER BETWEEN<o:p></o:p>JOHAN GERALD KNOL, DIANA VICKI KNOL AND JUSTICE KWASI BOAKYE AS
ADMINISTRATOR OF THE ESTATE OF ABRAHAM RICHARD BOAKYE<o:p></o:p>(APPLICANTS/RESPONDENTS)<o:p></o:p><span lang="EN-US" style="font-size:12.0pt;
line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-family:&quot;Book Antiqua&quot;;color:#00B0F0">vs.<o:p></o:p>CARL FRANCIS
RICHARDS, SOLOMON QUANDZIE AND AFRICAN CONCRETE PRODUCTS LIMITED<o:p></o:p>(RESPONDENT/APPELLANTS)<o:p></o:p><o:p>&nbsp;</o:p>[COURT
OF APPEAL, ACCRA]<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">

SUIT
NO. H1/187/18&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;DATE: 19TH NOVEMBER, 2019<o:p></o:p>

</div>COUNSEL:<o:p></o:p>NANA
SERWAA AKOSAH FOR THE APPLICANT/RESPONDENT<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">

FRANCESCA
AWOTWI FOR THE RESPONDENT/APPELLANTS<o:p></o:p>

</div>CORAM:<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">

FRANCIS
KUSI-APPIAH J.A (PRESIDING), HENRY KWOFIE J.A, AMMA GAISIE&nbsp; J.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">

</div>HENRY
A. KWOFIE (JA):<o:p></o:p>By an originating Motion on notice the applicants herein
by way of an application made under Section 217 and 218 of the Companies Act
1963 (Act 179) and also under Order 19 rule 1(2) of the High Court (Civil
Procedure) Rules 2004 C.I. 47 sought the following reliefs:<o:p></o:p><o:p>&nbsp;</o:p>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A declaration that the
affairs of the 3rd Respondent Company are being conducted and the
powers of the directors are being exercised by the 1st Respondent in
a manner oppressive to the Applicants and in disregard of the Applicant’s
proper interests as shareholders of the 3rd Respondent Company.<o:p></o:p><o:p>&nbsp;</o:p>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An order compelling the
Respondent to render full and proper accounts of the financial affairs of the 3rd
Respondent Company<o:p></o:p><o:p>&nbsp;</o:p>c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An order dissolving the
current Board of Directors of the 3rd Respondent Company<o:p></o:p><o:p>&nbsp;</o:p>d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;