National Investments Company Limited “Nicol” versus PSPF and 5 Others

National Investments Company Limited “Nicol” versus PSPF and 5 Others; Msc Commercial Application No 288 of 2014: High Court of Tanzania at Dar es Salaam (Commercial Division) (Unreported), (Mansoor, J).

• Company Law

• Action by Company- A director filed a suit in the company’s name without authority – whether proper.

Held:-

An action by a Company in the Company’s name has to be authorized and  sanctioned by the board of directors or members’ resolution passed at its        special ordinary or extra ordinary meetings.