STEPHEN ADDAE AND JAMES OTENG POKU V. ATWIMA MPONUA RURAL BANK LTD AND THE CHAIRMAN, BOARD OF DIRECTORS
(2017) JELR 66192 (HC)
High Court
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SUIT NO. MISC 04/2017
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10 Jan 2017
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Ghana
Coram
DR. RICHMOND OSEI-HWERE JUSTICE OF THE HIGH COURT
Appearances
S. ANAGLATE FOR APPLICANTS,KOFI BOYEATENG FOR RESPONDENTS
Judgement
<p><strong>OSEI-HWERE J.</strong></p><p>In this application pursuant to Section 217 of the Companies Act 1963 (Act 179), the Applicants seek against the Respondents the following reliefs:</p><p>1. A declaration that the Annual General Meeting of the 1st Respondent scheduled to be held on Friday, 11th of November, 2016 at Toase - Ashanti Region is illegal and irregular.</p><p>2. An Order of Injunction restraining the 1st and 2nd Respondents from proceeding with the said meeting until Section 149 (2) of the Companies Act, 1963 (Act 179) and the Bank of Ghana directive contained in a letter dated the 8th of October, 2015 addressed to the 2nd Respondent are complied with.</p><p>3. Further orders as the Honourable Court will deem fit and just in the circumstances.</p><p>The grounds of the application are contained in the affidavit in support and supplementary affidavits filed on 9th November, 2016 and 12th December, 2016 respectively.</p><p>The Respondents are opposed to the application and have demonstrated the grounds in the affidavit in opposition…</p>