Act 2002 330 leadership code act foreign when used in relation to anybody of persons or organisation, means any such body or organisation the controlling interest of which is held by persons who are not citizens of uganda or are not government or public bodies and also includes a body of persons or organisation not incorporated or. Investment climate uganda strongly encourages private investment, both foreign and domestic. In one last gust move, the ugandan parliament on january 6 passed the long delayed financial institutions act amendment bill 2015, opening new possibilities for the countrys financial sector. Introduction a complete legislative reform of insolvency law in gibraltar has been brought about by regime in the form of the insolvency act 2011 ia and comprehensive subsidiary and associated legislation took effect on 1 november 2014. Perd act 1993, communication act 1997, electricity act 1999. Ulii is a member of the global free access to law movement and of the african lii community. Alternative provisions as to annual and final meetings in case of insolvency. This act may be cited as the public finance and accountability act, 2003. Subscribe for updates on vacancies, tenders and ministry updates. Amuru district in acholi 7 refugee law project, 2006 8 deninger, 2003 9 rugadyaet al, 2008.
The updated version of the act is intended for guidance only and the original act and amending instruments should be consulted for legal purposes. By consent of all counsel, this court directed that the reference be decided on the following two agreed issues. To what extent did it attain its objectives hizaamu, ramadhan 1 co uganda management institute, plot 4452, jinja road, p. It is an exciting piece of legislation for insolvency practitioners, financial institutions and other key business and commercial players. Mental health law reform in uganda introduction the purpose of the mental health and poverty project mhapp was to develop, implement and evaluate mental health policy in poor countries, in order to provide new knowledge regarding comprehensive multisectoral approaches to breaking the negative cycle of poverty and mental illhealth. The insolvency act 2011 has altered insolvency law in uganda to varying. An act of parliament to make amendments to various acts consequential on the enactment of the companies act, 2015 and the insolvency act, 2015 enacted by the parliament of kenya, as follows1. The new legislation makes provision for liquidation, as well as for various rescue and recovery regimes for the. Sep 04, 2015 the sale of goods act is a codification of the common law principles that regulated the sale of goods. The insolvency act 2015 ministry of industry, trade and. This act shall come into operation on a date appointed by the minister by statutory instrument. Although great care has been taken to ensure that it reflects the correct wording and numbering of the income tax act, cap. Provided that if an estate was sequestrated or assigned before the commencement of this act the sequestration or assignment and all proceedings in connection therewith shall be completed, and a person whose estate was.
After uganda became an independent state from britain 1962, the policy advocated by the earc almost came to a standstill. Stay of proceedings upon filing of notice of intention or proposal. This book explains the principles and practises of the 1998 land act, which brought about substantial changes to the land tenure laws of uganda. The first publication bringing together laws relating to banking in uganda into one volume. Insolvency act, 2011 uganda registration services bureau. Gibraltar insolvency act 2011 corporate insolvency. The insolvency act, 2014 act of 2014 arrangement of secflons part i. Tax watch aug 20 5 international call services which in turn will reduce on the pro.
Nevertheless, there are a number of legislative provisions on arbitration. Press and journalist act 1995 the uganda communications amendment bill uganda communications act 1997 uganda communications act 1997. Analysing ugandas sales of goods act cap 82 dbazekukettas. Access to roads act 1969 ch 350 the civil airworthiness regulations 2005 the civil aviation aircraft registration and marking regulations, 2005. These reforms have brought insolvency law into close contact with a number of legal areas such as company law and with a range of national stakeholders, in the process making the study of insolvency law a very interesting endeavour. The performance of the conditions of an offer or the acceptance of any consideration for a reciprocal promise which may be offered with an offer, is an acceptance of the offer. Acceptance by performing conditions or receiving consideration. Different dates may be appointed under subsection 2 in respect of different provisions of this act. The bill is an amendment to the financial institutions act 2004, which governs ugandas financial sector especially the commercial banking and. Contracts act, 2010, 2010 uganda legal information institute. An act to regulate employment and for other matters connected therewith.
See section l arrangement of sections section part ipreliminary provisions lshort title and commencement. Meaning of insolvency section 2 of the insolvency act, 24 of 1936 act definitions insolvent when used as a noun, means a debtor whose estate is under sequestration and includes such a debtor before the sequestration of his estate, according to the context. Gibraltar insolvency act 2011 corporate insolvency reform. Kigula, 1999 10 deininger and castagnini, 2004 11 as cited in status of urbanization in uganda, 2007 12 ugandas gdp grew an average of 6. However, it can be argued that under the uganda concession, there is no pre in uganda. Insolvency and debt restructuring in uganda lex africa. The president of the national association of women judgesuganda nawju, stella arach amoko, attributed this in part to the fact that the law on the subject, the domestic violence act, no. Ltd v fiat motors ltd 1910, the court noted that the common law principles that related to the sale of goods were now codified into the sale of goods act 1893. The insolvency act 2011 has altered insolvency law in uganda to varying degrees. Uganda has been a pacesetter in the east african region to incorporate the model law in its substantive legal regime. Act 2002 325 leadership code act the leadership code act, 2002 arrangement of sections part i preliminary section 1. The insolvency act, 1916 act 32 of 1916, the insolvency act, 1916, amendment act, 1926 act 29 of 1926 except the title and preamble thereof and sections one, seventyone, seventytwo and seventyfour thereof and section twenty of the land bank amendment act. The government has pursued a steady policy of improving the investment climate by reducing bureaucracy.
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 of 23. Act 14 insolvency act 2011 uganda law reform commission. Uganda law reform commission law reform for good governance. An act to provide for receivership, administration, liquidation, arrangements, bankruptcy, the regulation of insolvency practitioners and cross border insolvency. This hand book titled domestic tax laws is primarily intended for internal use by officers and staff of the uganda revenue authority. Insolvency act 2011 an overview october 2011 introduction the new insolvency act 2011 the act will prove to be a landmark in gibraltar. Historical development of modern law of contract 1 2.
Changes in the schedule to the excise tariff act the excise tariff amendment bill 20 also proposes to raise excise duty on cigarettes, undenatured spirits and fuel. Uganda online law library 1 the kampala capital city act, 2010 arrangement of sections section part ipreliminary. Arbitration and conciliation act 2000 ch 4 chapter 4. Insolvency act, 2011, 2011 uganda legal information institute. Insolvency acts and regulations uganda registration. An act to make provision for the administration of insolvent and assigned estates and for matters incidental thereto. Act 14 insolvency act 2011 the insolvency act, 2011. An act to amend the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards, to define the law relating to conciliation of disputes and to make other provision relating to the foregoing. The constitution provides for a system of decentralisation and local governments, which is further consolidated in the local governments act 1997 cap.
The motivations behind the uganda insolvency act 2011 by. The insolvency act provides that all wages or basic salary for a period of four 4 months are preferential debts payable after payment of the liquidators costs. This act may be cited as the corporate insolvency act, 2017, and shall come into operation on the date appointed by the minister for the coming into operation of the companies act, 2017. Insolvency act, 2011, 2011 uganda legal information. In this act assignee means the assignee in insolvency of a debtors estate. Insolvency act gives a company the option of filing for vol untary liquidation where the shareholders decide by special resolution that the. Printed by uppc, entebbe, by order of the government. Political system a multiparty democracy since 2006. The sale of goods act is a codification of the common law principles that regulated the sale of goods.
Table of contents table of cases iii tableof statutes xv prefcice. Part ii insolvency practitioi\ers 4circumstances in which person acts as. Deeds of arrangement act 1931 mutesi in rea debtor bankruptcy petition no 5 of 2011 2012 ugcommc 180 28 february 2012. Insolvency act 24 of 1936 south african government. The government is faced with a challenge to recognize the impact of the disruptions without goi ng. An act to consolidate and amend the laws relating to insolvency.
Uganda amends financial institutions act 256 business. An act to provide for the incorporation of the trustees of certain bodies and associations of persons. Aug 17, 2015 introduction a complete legislative reform of insolvency law in gibraltar has been brought about by regime in the form of the insolvency act 2011 ia and comprehensive subsidiary and associated legislation took effect on 1 november 2014. Financial institutions act, 2004 as amended in 2008, 2009 and 2011.
A good insolvency frameworkone with clear rules, that efficiently. Summary uganda is a democratic republic with a governance system comprising national and local governments. Act 14 insolvency act 2011 the members of a committee of inspection appointed by a creditors or shareholders meeting shall take office immediately, but where there is a difference between the decisions of meetings of creditors and meetings of shareholders on. Ministry of industry, trade and cooperatives, kenya. In urban settings, there are city, municipal, divisiontown, ward and cell councils. As mentioned earlier, the law obtaining in uganda does not clearly state who can act as a receiver or. Uganda registration services bureau plot 5 george street, georgian house, p. This copy of the financial institutions act, 2004 has been updated for informational purposes to include amendments made under act 24 of 2008, act 11 of 2009 and act 23 of 2011 the central bank accepts no liability for any loss arising of its use. The insolvency act, 1916 act 32 of 1916, the insolvency act, 1916, amendment act, 1926 act 29 of 1926 except the title and preamble thereof and sections 1, 71, 72 and 74 thereof and section 20 of the land bank amendment act, 1934 act 58 of 1934 are hereby repealed. Interpretation part ii functions of inspectorate and declaration of income, assets and liabilities 3. Insolvency act 2011 insolvency fees regulations 2018 insolvency investigation regulations 2018. Cancellation, suspension and deletion of name of employer from.
442 1451 159 1238 1142 1095 144 801 1497 399 270 1465 732 1658 312 935 920 764 267 226 881 244 1438 1344 1043 152 1441 1430 253 249 528 1653 473 1412 334 471 114 119 1073 995