We are the leading resource for freely available legislation in south africa and are used daily by thousands of professionals and industry leaders. Securities and exchange commission 17 cfr parts 240 and 249b. Ugandas economy is dominated by the agricultural sector accounting for 42. An act to establish an autonomous foreign exchange market and to provide for the monitoring and supervision of the transactions conducted in the market and for matters connected therewith. An act of parliament is a law, enforced in all areas of uganda where it is applicable. More specifically, it is a document contemplated by or consisting of a contract, which promises the payment of money without condition, which may be paid either on demand or at a future date. Environmental levyonused clothing, shoesandotherarticles. Amended by bills of exchange amendment act 58 of 1977. The bill extends the definition of exempt organisation to include bodies established by law for the purpose of regulating the conduct of professionals.
Bank of uganda act 1993 uganda legal information institute. Uganda 2018 human rights report executive summary uganda is a constitutional republic led since 1986 by president yoweri museveni of the national resistance movement nrm party. Amended by bills of exchange act 56 of 2000 from 1 mar 2001 amended by bills of exchange amendment act 58 of 1977. Part iv of the evidence act, 1967 provides for bankers books evidence. A centre of excellence for regulation of public procurement and disposal. Article 2 certain terms employed in this act shall denote the following. Knowledge of fact in relation to particular transaction 7. Insertion of a new section 52a the principal act is amended by inserting after section 52 the following new section.
In the commonwealth of nations almost all jurisdictions have codified the law relating to negotiable instruments in a bills of exchange act, e. These were notices bggovsec20073 and bggovsec20074 both dated march 15, 2007. Foreign exchange monitoring and miscellaneous provisions act. Bill of exchange act mangaung metropolitan municipality.
Interpretation in this act, unless the context otherwise requires bank has the meaning assigned to it in the banking act cap. Public order management act, october 20 article 19 free word centre, 60 farringdon rd, london ec1r 3ga. Depreciation a procedure for announcing certain bill of exchange void as a result of a loss, theft, destruction, etc. The uk bill of exchange act 1882 ask for a signature for a bill to be valid, the electronics and technology has provided with an answer to that question with the emergence of digital or electronic signatures. Bills of exchange act 1933 uganda legal information. Effect where different parties to bill are the same person. Reserve bank of zimbabwe amendment act act 1 of 2017. Act 1 land amendment act 2010 the land amendment act, 2010. To promote the achievement of value for money in public procurement so as to contribute to national development. An act of parliament relating to bills of exchange, cheques and promissory notes. Act finance act 2014 a bysubstituting forthefeeschargeable underthemining act,2003,thefollowingminingact,2003 fees payable in uganda shillings retention license 4.
Negotiation of bill to party already liable thereon. Uganda microfinance regulatory authority umra is a government regulatory agency established by the tier iv microfinance institutions and money lenders act, 2016. General provisions article 1 this act sets forth the contents, the types of bills of exchange and the operations and rules that relate to the bills of exchange. Enacted by the parliament of zimbabwe and the president of zimbabwe. Acts online provides legislation, including amendments and regulations, in an intuitive, online format.
Purchase of a bill of exchange a procedure of an authorized person for taking the bills of exchange from the users for their payment in cash or by recording it on a foreign exchange account. Amended by bills of exchange act 56 of 2000 from 1 mar 2001. Principle of negotiability of negotiable instruments. Accountants act 1992 has constrained the development of an enabling environment for strong accounting practices. The southern part of the country includes a substantial portion of lake victoria. Bills of exchange act 1933 uganda legal information institute.
Hague convention of 1912 relating to bills of exchange and. Jamhuri ya uganda, is a country in eastcentral africa. The companies act 1961 is in need of updating, while the financial institutions act 2004 has significantly improved the. The sector provides, directly or indirectly, employment to about 87 percent of the countrys 22 million people. Bank of ghana, the central bank of ghana, has since issued notices providing guidelines on the new foreign exchange act. Foreign exchange act, 2006 act 723 ghana has a new foreign exchange act, 2006 act 723 which became effective on december 29, 2006. Ppda act the public procurement and disposal of public. Press and journalist act 1995 the uganda communications amendment bill uganda communications act 1997 uganda communications act 1997. Bills of exchange act 1882 in the uk, bills of exchange act 1908 in new zealand, bills of exchange act 1909 in australia, the negotiable instruments act, 1881 in india and the bills of exchange act 1914 in mauritius. 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.
The investment code act 2000 uganda investment authority. According to the uganda ureau of statistics, ugandas gross domestic product gdp was usd 22. This presentation considers selected laws relating to businesses in uganda, including contract law, sale of goods law, partnerships law, employment law, banking law, property law and international contract law. Amendment of section 68 of the uganda communications act, 20. 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. It is bordered to the east by kenya, to the north by south sudan, to the west by the democratic republic of the congo, to the southwest by rwanda, and to the south by tanzania. Effect where different parties to bill are the same person 6. This is what makes investing in government securities treasury bills and bonds a very attractive prospect. Tax watch aug 20 5 international call services which in turn will reduce on the pro. To amnd the reserve bank of zimbabwe act chapter 22. Interpretation in this act, unless the context otherwise requires bank has the meaning assigned to it. An act to amend and consolidate the bank of uganda act for regulating the issuing of legal tender, maintaining external reserves and for promoting the stability of the currency and a sound financial structure conducive to a balanced and sustained rate of growth of the.
Act to consolidate and amend the laws relating to bills of exchange, cheques and promissory notes. Uganda online law library 1 the kampala capital city act, 2010 arrangement of sections section part ipreliminary. 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. Oct 31, 2016 reserve bank of zimbabwe amendment act, 2017. Deemed to have come into force on 31st october 2016. Banker paying demand draft whereon indorsement is forged. To ensure that the public procurement and disposal system in uganda achieves value for money. Bills of exchange act 34 of 1964 south african government. The uganda stock exchange use commenced operations in 1998. The proposed accountants bill 2004 presents some improvements but still has shortcomings. S 1, 47, 49, 70 amended by suretyship amendment act 57 of 1971. Is the principle of negotiability of negotiable instruments still relevant to modern international trade finance law, or has been displaced by the electronic revolution and or the dematerialisation of negotiable instruments. The updated version of the act is intended for guidance only and. Manual of regulations on foreign exchange transactions.
The manual of regulations on foreign exchange transactions, hereinafter referred to as the manual, is a consolidation of all regulations governing foreign exchange transactions. There are probably very few investments that can be classified as safe and risk free. Suretyship amendment act 57 of 1971 bills of exchange amendment act 58 of 1977 finance act 77 of 1986 bills of exchange amendment act 56 of 2000. With acts you are guaranteed the latest and most up to date resource for your legislative needs. This act may be cited as the national payment system act, 2011, and shall come into force on such date as the minister may, by notice in the gazette, appoint. A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the document. Agreement giving power of distress by way of security to be instrument 4.
Access to roads act 1969 ch 350 the civil airworthiness regulations 2005 the civil aviation aircraft registration and marking regulations, 2005. Where a bill is not payable to bearer, the payee must certainty be named or otherwise indicated therein with reasonable topym. Overview of the financial sector in uganda ugandas financial system is composed of formal, semiformal and informal institutions. The formal institutions include banks, microfinance deposittaking institutions, credit institutions, insurance companies, development banks, pension funds and capital markets. Investing in treasury bills, bonds new visionuganda news. 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. Finance act thefinance act,2014 arrangement ofsections 2014 1. Drawer an orderer or an issuer of a bill of exchange indicated on the front of the. The tanzanian evidence law has its origin in india and the united kingdom. In 2016 voters reelected museveni to a fifth fiveyear term and returned an nrm majority to the unicameral parliament. The question whether the duties necessary to be performed as conditions precedent to the right of recourse are absolute duties. Printed by uppc, entebbe, by order of the government.
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