Companies act, 2012 institute of certified public accountants of. The act was signed by the president on the 9th april 2009 and gazetted in gazette no. The companies act 2012 and the accountants act 20 specify the corporate accounting, auditing, and financial reporting requirements in uganda. This document is to be certified by the registrar of. Definition of a company a company is a corporation an artificial person created by law. Uganda legal information institute ulii, uganda pdf of act pdf of act. Naming companies under the 2012 uganda companies act. The companies act 2012 stipulates that all entities are required to prepare financial statements, which must comply with the fifth schedule of the act. Private companies are regulated by the registrar generals of fice companies act of uganda, 1964. With a recorded 18,783 species of fauna and flora nema, 2009, uganda ranks among the top ten most bio diverse countries globally. Legislation online uganda legal information institute ulii, uganda pdf of act doc. Written by the current professor of commercial law at makerere university, this book provides the first comprehensive discussion on company law in uganda. The cabinet secretary to report on national government guarantees. Pdf corporate governance and accountability in uganda.
Constitution of the republic of uganda, 1995 ug miscellaneous laws. Companies regulations 2012 in exercise of the powers conferred upon me by section 185 of companies act 20111, i, dr leketekete victor ketso minister responsible for trade and industry, cooperatives and marketing make the following regulationscitation and commencement 1. Ppda act the public procurement and disposal of public. Exploration is taking place across the entire albertine rift in uganda, with five out of nine oilprospecting blocks established by the government. Mortgage regulations, 2012 uganda legal information. Introduction good corporate governance has become increasingly recognised worldwide as essential for.
Section i on 15th september, 2015 all other provisions. The agency problem becomes most evident when companies fail. Companies amendment act 3 of 2011 act to provide for the incorporation, registration, organisation and management of companies, the capitalisation of profit companies, and the registration of offices of. 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. To download, simply navigate to or search the legislation using the search field above. An act to regulate employment and for other matters connected therewith. A gap analysis of the companies act 2012 dla piper. Section 272 of the companies act 1 of 2012, provides that where a company where a company has passed a resolution for voluntary winding up, the provisions of the insolvency act, 2011 shall apply. The companies act audit requirement and other matters. The countrys wide range of habitats supports a very high and rich diversity of both animal and plant species. The public procurement and disposal of public assets act 1 of 2003 set up the public procurement and disposal of public assets authority ppda as the principal regulatory body for public procurement and disposal of public assets in uganda. However, there are other government agencies such as the uganda revenue. Financial services act 2012 2012 chapter 21 an act to amend the bank of englan d act 1998, the financial services and markets act 2000 and the banking act 2 009.
Part 11 incorporation of companies and matters incidental thereto chapter i the companys memorandum and articles memorandum of association 3. Financial markets act 19 of 2012 companies and other business structures in south africa, davis et al, 2009. 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 insolvency act now governs how receivership, administration, liquidation, arrangements and bankruptcy shall be handled in uganda. The companies act, 2012 the act introduces many significant changes in ugandan company law.
He considers the nature and implications of incorperations, formation and company promotion, memorandum and articles of association and their significance. Companies act, 2012, 2012 uganda legal information institute. Provisions supplementing definitions of parent undertaking and subsidiary undertaking part ii companies and company. The companies act, cap 110, laws of uganda was amended by the companies act no. Formed by registration under the companies act 1985 as amended or one of the preceding companies acts. Act 1 companies act 2012 uganda law reform commission. 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. The 2012 code was issued as part of the listing regulations of the.
See section 1 3 and 4 arrangement of sections section part ipreliminary i short title and commencement. Printed by uppc, entebbe, by order of the government. In this act, unless the context otherwise requires apprentice means a person serving under a contract of apprenticeship made in accordance with the employment act 1977 ch 219 page 3. Definition of the act for the purposes of these regulations 3. The reprint consolidates the income tax act, cap 340, the value added tax act, cap 349 and statutory instruments made thereunder since the revised edition of the laws of uganda 2000. An analysis of stakeholder perspectives simeon wanyama a thesis submitted to the university of dundee in fulfilment of the requirements for. In order to make profits, it is necessary to take risks, and sometimes risks that are taken with the best intentions and are supported by the most robust business plans. Subject to section 71, a company may by ordinary resolution. The act provides the minister of trade and industry with. Companies act 71 of 2008 english text signed by the president assented to. Byaruhanga v chemical distributors u ltd hct00cvci00272015 2016 ughccd 44 30 may 2016. This document is to be certified by the registrar of companies of the republic of uganda.
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