Mortgage regulations, 2012 uganda legal information institute. In exercise of the powers conferred on the minister responsible for justice by section 2941 of the companies act, 2012, these regulations are made this 2nd day of october, 2015. Formerly used to incorporate public utilities such as gas, electricity and railways. The tax rates applicable to residents and nonresidents are as follows. An act to provide for the registration of nongovernmental organisations, to establish a board for that purpose and for other matters connected therewith.
The companies act, 2012 an act to amend, replace and reform the law relating to the incorporation, regulation and administration of companies and to make provision for related matters. A gap analysis of the companies act 2012 dla piper. Companies act, 2011 lesotho legal information institute. The uganda national meteorological autholity act, 2012. The definition section of act 1 of 2012 in defining members voluntary winding up refers one to the definition of members voluntary winding up in the insolvency act as the law governing insolvency in uganda. Uganda refinery holding company urhc, is a government of ugandaowned parastatal company, that is a 100 percent subsidiary of the uganda national oil company, whose purpose is to hold the shareholding in the uganda oil refinery and related infrastructure, that is assigned to the ugandan government. The key reforms contained in the companies act focus on incorporation of the company and consequential matters, company finance, management and administration of the company, protection of minority shareholders, registration of foreign companies, voluntary windingup of the company and.
Revenue management and financial transparency neither bill deals adequately with the crucial issues of revenue collection and management, financial transparency or oversight. An act to regulate employment and for other matters connected therewith. Generally, the chargee is required to register the pledge with the companies registry within 42 days of execution of the pledge. Corruption in public financial management uganda has been implementing public financial management reforms since the beginning of the 1990s, and while recent assessments2 show impressive. This was a muchwelcomed move given that the previous companies. Legislation online uganda legal information institute ulii, uganda pdf of act doc. Companies ordinance amendment act, 2012 seychelles.
Value added tax act, chapter 349 1997, as amended by act 12 of 2006. We have provided a downloadable pdf version for each of the legislations we have in this library. Fines levied on companies for violating environmental or social provisions in the bill are insufficient to act as a successful deterrent. In this brief, article 19 analyses the ugandan public order management act the act, signed into law by president museveni on 12 september 20. The companies act 2012 the human rights enforcement act 2019 the trustees act, chapter 164 1954 the trustees incorporation act, chapter 165 1939 income tax act, chapter 340 1997, as amended by act 10 of 2007. The ugandan government responded to this overwhelming logic, though in an untimely fashion, by enacting the companies act 2012. The mention of specific companies or of certain manufacturers products does not imply that they are endorsed or recommended by the world health organization in preference to others of a similar nature that are not mentioned. Seventh schedule provisions referred to in section 276 of this act.
The privatised public utilities have been incorporated as registered companies. It is possible that some of these details are provided in the companies act, which rwi. Share pledges should be registered in accordance with the provisions of the companies act 2012 the companies act. Comments on uganda petroleum exploration, development and production bill, 2012 bill no. An act to amend, replace and reform the law relating to the incorporation, regulation and administration of companies and to make provision for related matters. Interpretation in this act, unless the context otherwise requires. The republic of uganda the companies act, 2012 of the laws of uganda company limited by guarantee not having a share capital memorandum and articles of association the institution of surveyors of uganda ltd. Commencement this act shall come into force on a date appointed by the minister by statutory instrument. Report on other legal requirements as required by the ugandan companies act, 2012, we report to you based on our audit, that, i we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purpose of our audit. The act is a belated but welcome attempt to catch up with global trends in the law governing corporate entities. Unless the context otherwise requires, words or expressions contained in these regulations shall bear the same meaning as in the act or any statutory. But several of the issues identified in response to the 2010 bill remain sources of concern, and as ugandan parliamentarians and citizens consider the, we recommend that they pay close attention to 2012 bill these issues, which include the following.
Printed by uppc, entebbe, by order of the government. A ugandan company must be approved by the petroleum authority the authority before entering a joint. Dec 10, 2012 an act to amend the companies ordinance, 1972. Adopt table d part ii of companies act 2012 adopt table d part ii of companies act 2012 with modification attach the modification1 we, the several persons whose names are subscribed, desire to be formed into a company, under this. The republic of uganda the companies act cap 110 company limited by guarantee memorandum of association of african community team support acts 1 the name of the company is african community team support ltd. Kigongo v mosa courts apartment ltd company cause no. In 2008, uganda recorded 7% growth despite the global downturn and. Adopt table a part ii of companies act 2012 adopt table a part ii of companies act 2012 with modification attach the modification1 we, the several persons whose names and addresses are subscribed, desire to be formed into a company, under this articles of association. Ms mbarara community hospital ltd v karema hct05cvma1162014 2014 ughccd 82 18 june 2014. The companies act cap 110 company limited by guarantee memorandum of association of african community team support acts 1 the name of the company is african community team support ltd. The companies act, 2012 the act introduces many significant changes in ugandan company law. Companies ordinance amendment act, 2012 seychelles legal.
External trade act import licence tiger head brand batteries order, 2012 ms mbarara community hospital ltd v karema hct05cvma1162014 2014 ughccd 82 18 june 2014. Ugandan company means a company incorporated under the companies act, 2012 and which provides value addition to uganda. Ugandan law ulii zambian law zamlii zimbabwean law zimlii. In 2012, the ugandan military assisted in the rescue of at least 42 individuals, including 10 children associated with the lra.
Uganda, officially the republic of uganda, is a landlocked country in east africa. Errors and omissions excepted, the names of proprietary products are distinguished by initial capital letters. The country has commenced economic reforms and growth has been robust. Dec 17, 2012 act 10 of 2012 companies ordinance amendment act, 2012. Comments on uganda petroleum exploration, development. Article 19 is concerned that despite some positive amendments, the act remains seriously flawed from a freedom of expression perspective. The companies act 2012 and the accountants act 20 specify the corporate accounting, auditing, and financial reporting requirements in uganda. Reporting standards and comply with the ugandan companies act, 2012.
Ugandan economy through the utilisation of ugandan human and material resources for the provision of goods and services to the petroleum industry in uganda ugandan company. Companies act, 2012, 2012 uganda legal information institute. The issue of confidentialit y by the oil companies may b e subject to change from two quarters outside uganda. Mortgage regulations, 2012 uganda legal information. Mode in which and extent to which objects of company may be altered. Act 10 of 2012 companies ordinance amendment act, 2012. Act 1 companies act 2012 uganda law reform commission. Ugandan petroleum authority and some improved language on public reporting and transparency. This amending act is incorporated in the companies ordinance page in the egrey book of seychelles. Pdf corporate governance and accountability in uganda.
Nongovernmental organisations registration 1 cnapier 1 nongovernmental organisations registration act. An act to amend and consolidate the law relating to the incorporation, regulation and winding up of companies and other associations and to make provision for other related and connected matters. Opportunities for cpa practitioners resources student. The companies act, 2012 of the laws of uganda company limited by guarantee not having a share capital memorandum and articles of association the institution of surveyors of uganda ltd. An act to consolidate and harmonise the uganda communications act and the electronic media act. The key reforms contained in the companies act focus on incorporation of the company and consequential matters, company finance, management and administration of the company, protection of minority shareholders, registration of foreign. Ugandan company for purposes of section 125 of the upstream act and upstream national content regulations means a company incorporated under the companies act, 2012 and a has at least 50% of ugandan citizens at managerial level. The uganda insolvency act was assented to on 8th august, 2011 and came into force on the same day as the companies act 1 of 2012.
An act to amend and consolidate the law relating to the incorporation, regulation and winding up of companies and other associations and. We call on the ugandan parliament to reform the act in line with. Central bank these regulations are made this 9th day of september, 2011. Companies act, 2012 institute of certified public accountants of.
1368 730 687 1324 759 1114 143 1226 617 323 745 1357 1049 549 634 1471 909 1132 1323 571 743 85 238 1357 837 172 880 793 716