Business
The Companies Act 2012, replacing the 1964 statute
The Companies Act 2012 modernised Ugandan company law on an English model, introducing the single-member company and abolishing the requirement for an objects clause. The Insolvency Act 2011 introduced administration and provisional administration as rescue procedures.
Key rules
- Jurisdiction — The Commercial Division of the High Court hears company and insolvency matters; URSB maintains the register.
- Deadline — Annual return: filed with URSB within the statutory period
- Deadline — Beneficial ownership: disclosed to URSB under the 2022 regulations
Governing law
- Companies Act, 2012No. 1 of 2012
- Insolvency Act, 2011No. 14 of 2011
- Uganda Registration Services Bureau Act, 1998
In practice
The 2011 and 2012 statutes came as a pair and together replaced legislation dating to 1964. The Insolvency Act's introduction of administration, and its unified treatment of corporate and personal insolvency in a single statute, is the more unusual feature — most common-law systems keep them apart.