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. Errors and omissions excepted, the names of proprietary products are distinguished by initial capital letters. 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. Act 10 of 2012 companies ordinance amendment act, 2012. Unless the context otherwise requires, words or expressions contained in these regulations shall bear the same meaning as in the act or any statutory. A ugandan company must be approved by the petroleum authority the authority before entering a joint.
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. The companies act 2012 stipulates that all entities are required to prepare financial statements, which must comply with the fifth schedule of the act. Uganda legal information institute ulii, uganda pdf of act pdf of act doc. Article 19 is concerned that despite some positive amendments, the act remains seriously flawed from a freedom of expression perspective. Mortgage regulations, 2012 uganda legal information institute. Ugandan company means a company incorporated under the companies act, 2012 and which provides value addition to uganda. An act to regulate employment and for other matters connected therewith. The act is a belated but welcome attempt to catch up with global trends in the law governing corporate entities. 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. 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. 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.
External trade act import licence tiger head brand batteries order, 2012. Comments on uganda petroleum exploration, development and. The companies act, 2012 the act introduces many significant changes in ugandan company law. The ugandan government responded to this overwhelming logic, though in an untimely fashion, by enacting the companies act 2012. 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. We call on the ugandan parliament to reform the act in line with. A gap analysis of the companies act 2012 dla piper. In 2008, uganda recorded 7% growth despite the global downturn and. 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. 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. The uganda national meteorological autholity act, 2012. 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.
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. This amending act is incorporated in the companies ordinance page in the egrey book of seychelles. 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. Revenue management and financial transparency neither bill deals adequately with the crucial issues of revenue collection and management, financial transparency or oversight.
Interpretation in this act, unless the context otherwise requires. Pdf corporate governance and accountability in uganda. Act 1 companies act 2012 uganda law reform commission. The privatised public utilities have been incorporated as registered companies. The ugandan military continued its efforts to rescue and encourage the defection of ugandan, central african, congolese, and south sudanese noncombatants kidnapped by the lra and forced to work as porters or sex slaves. Opportunities for cpa practitioners resources student resources technical resources icpau comment letters ifrs for sme enablers.
Seventh schedule provisions referred to in section 276 of this act. Companies ordinance amendment act, 2012 seychelles. The companies act 2012 and the accountants act 20 specify the corporate accounting, auditing, and financial reporting requirements in uganda. Fines levied on companies for violating environmental or social provisions in the bill are insufficient to act as a successful deterrent. An act to provide for the registration of nongovernmental organisations, to establish a board for that purpose and for other matters connected therewith. Ms mbarara community hospital ltd v karema hct05cvma1162014 2014 ughccd 82 18 june 2014. We have provided a downloadable pdf version for each of the legislations we have in this library. Ugandan petroleum authority and some improved language on public reporting and transparency. Kigongo v mosa courts apartment ltd company cause no. Mode in which and extent to which objects of company may be altered.
The tax rates applicable to residents and nonresidents are as follows. An act to amend and consolidate the law relating to the incorporation, regulation and winding up of companies and other associations and. Formerly used to incorporate public utilities such as gas, electricity and railways. This was a muchwelcomed move given that the previous companies.
Opportunities for cpa practitioners resources student. The companies general regulations, 2016 under section 2941 of the companies act, 2012, act no. Companies act, 2011 lesotho legal information institute. Companies act, 2012 institute of certified public accountants of. Printed by uppc, entebbe, by order of the government. It is possible that some of these details are provided in the companies act, which rwi. 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. Legislation online uganda legal information institute ulii, uganda pdf of act doc. Value added tax act, chapter 349 1997, as amended by act 12 of 2006. Comments on uganda petroleum exploration, development. 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 company was incorporated as a private limited liability company. Share pledges should be registered in accordance with the provisions of the companies act 2012 the companies act. Dec 17, 2012 act 10 of 2012 companies ordinance amendment act, 2012. 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. Companies ordinance amendment act, 2012 seychelles legal. Generally, the chargee is required to register the pledge with the companies registry within 42 days of execution of the pledge. Commencement this act shall come into force on a date appointed by the minister by statutory instrument. 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. 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.
Central bank these regulations are made this 9th day of september, 2011. A gap analysis of the companies act 2012 dla piper africa. 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. Comments on uganda petroleum exploration, development and production bill, 2012 bill no. Uganda, officially the republic of uganda, is a landlocked country in east africa. Companies act, 2012, 2012 uganda legal information institute. 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. 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. Reporting standards and comply with the ugandan companies act, 2012. Nongovernmental organisations registration 1 cnapier 1 nongovernmental organisations registration act. In this brief, article 19 analyses the ugandan public order management act the act, signed into law by president museveni on 12 september 20.