Where a person who is the only director and shareholder of a private company dies, the heirs, or where he or she leaves no heir, the curator under the relevant regulations, may appoint a director.

Where the heirs or curator fail to appoint a director within thirty (30) days of the death of the former director, the Registrar General may apply to the Court for the appointment of a fit and proper person to act as director, until the appointment of a director by the heirs or curator.

For interpretation and understanding of the above:

CURATOR is a person appointed to take care of interests or affairs of another; a guardian;

DIRECTOR is a person appointed or elected to sit on a board that manages the affairs of a company/corporation or other organization by electing and exercising control over its officers;

HEIR means a person who succeeds to the rights and occupies the place of, or is entitled to succeed to the estate of, a decedent, whether by an act of the decedent or by operation of law;

SHAREHOLDER is a person who owns or holds a share or shares in a company/corporation. Also termed shareowner or stockholder.

Article 163 of Law N° 007/2021 of 05/02/2021 governing companies in Rwanda

Advocate KALLAGI. Arnold is:

•  Member of the East Africa Law Society;
• Member of the Rwanda Bar Association;
• 2018 Certificate of Recognition for completion of the United States Patent and Trademark Office Exchange of Best Practices on Trademark Examination held at Kigali Convention Centre in Rwanda 2018;
• Masters in Business Law (University of Rwanda 2017-2019);
• Post Graduate Diploma in Legal Practice and Development (ILPD);
• Bachelor of Laws (Islamic University in Uganda Kampala-Campus). 

Email: advocatekallagi@gmail.com   Tel: +250787337024 (WhatsApp)

Website: http://opt-law.com/