Bills of exchange act 1933 uganda legal information institute. 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. Amendment of section 68 of the uganda communications act, 20. The companies act 1961 is in need of updating, while the financial institutions act 2004 has significantly improved the. Examples of such bodies include the uganda law society uls, the institute of certified public accountants of uganda icpau and the uganda medical and dental practitioners council.
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. Jamhuri ya uganda, is a country in eastcentral africa. We are the leading resource for freely available legislation in south africa and are used daily by thousands of professionals and industry leaders. Act finance act 2014 a bysubstituting forthefeeschargeable underthemining act,2003,thefollowingminingact,2003 fees payable in uganda shillings retention license 4. Drawer an orderer or an issuer of a bill of exchange indicated on the front of the. The uganda stock exchange use commenced operations in 1998. 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. Interpretation in this act, unless the context otherwise requires bank has the meaning assigned to it in the banking act cap. 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. Bank of ghana, the central bank of ghana, has since issued notices providing guidelines on the new foreign exchange act. To ensure that the public procurement and disposal system in uganda achieves value for money.
Ppda act the public procurement and disposal of public. Deemed to have come into force on 31st october 2016. Bank of uganda act 1993 uganda legal information institute. Banker paying demand draft whereon indorsement is forged. 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 act should establish the principles governing the use of firearms in compliance with. Tax watch aug 20 5 international call services which in turn will reduce on the pro. Hague convention of 1912 relating to bills of exchange and. Oct 31, 2016 reserve bank of zimbabwe amendment act, 2017. 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. An act of parliament is a law, enforced in all areas of uganda where it is applicable. An act of parliament relating to bills of exchange, cheques and promissory notes.
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. Amended by bills of exchange act 56 of 2000 from 1 mar 2001. In the commonwealth of nations almost all jurisdictions have codified the law relating to negotiable instruments in a bills of exchange act, e. The sector provides, directly or indirectly, employment to about 87 percent of the countrys 22 million people. The question whether the duties necessary to be performed as conditions precedent to the right of recourse are absolute duties. Electricity act 1999 an act to provide for the establishment of the electricity regulatory authority. Printed by uppc, entebbe, by order of the government.
An act to establish a code to make provision in the law relating to local and foreign investments in uganda by providing more favorable conditions for investment, to establish the uganda investment authority and to provide for other related matters. Uganda microfinance regulatory authority umra is a government regulatory agency established by the tier iv microfinance institutions and money lenders act, 2016. To amnd the reserve bank of zimbabwe act chapter 22. The bill extends the definition of exempt organisation to include bodies established by law for the purpose of regulating the conduct of professionals. Access to roads act 1969 ch 350 the civil airworthiness regulations 2005 the civil aviation aircraft registration and marking regulations, 2005. The updated version of the act is intended for guidance only and. Finance act thefinance act,2014 arrangement ofsections 2014 1. With acts you are guaranteed the latest and most up to date resource for your legislative needs. The formal institutions include banks, microfinance deposittaking institutions, credit institutions, insurance companies, development banks, pension funds and capital markets.
Ugandas economy is dominated by the agricultural sector accounting for 42. 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 proposed accountants bill 2004 presents some improvements but still has shortcomings. Principle of negotiability of negotiable instruments. 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.
Foreign exchange act, 2006 act 723 ghana has a new foreign exchange act, 2006 act 723 which became effective on december 29, 2006. Public order management act, october 20 article 19 free word centre, 60 farringdon rd, london ec1r 3ga. Investing in treasury bills, bonds new visionuganda news. Accountants act 1992 has constrained the development of an enabling environment for strong accounting practices. S 1, 47, 49, 70 amended by suretyship amendment act 57 of 1971. Amended by bills of exchange amendment act 58 of 1977. 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. In 2016 voters reelected museveni to a fifth fiveyear term and returned an nrm majority to the unicameral parliament. Acts online provides legislation, including amendments and regulations, in an intuitive, online format. 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. According to the uganda ureau of statistics, ugandas gross domestic product gdp was usd 22. Bills of exchange act 34 of 1964 south african government. Part iv of the evidence act, 1967 provides for bankers books evidence. The tanzanian evidence law has its origin in india and the united kingdom.
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. These were notices bggovsec20073 and bggovsec20074 both dated march 15, 2007. Effect where different parties to bill are the same person 6. Enacted by the parliament of zimbabwe and the president of zimbabwe. Interpretation in this act, unless the context otherwise requires bank has the meaning assigned to it. 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. 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.
Effect where different parties to bill are the same person. Negotiation of bill to party already liable thereon. A centre of excellence for regulation of public procurement and disposal. 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. Press and journalist act 1995 the uganda communications amendment bill uganda communications act 1997 uganda communications act 1997.
Reserve bank of zimbabwe amendment act act 1 of 2017. 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. Agreement giving power of distress by way of security to be instrument 4. Where a bill is not payable to bearer, the payee must certainty be named or otherwise indicated therein with reasonable topym. This is what makes investing in government securities treasury bills and bonds a very attractive prospect.
Amended by bills of exchange act 56 of 2000 from 1 mar 2001 amended by bills of exchange amendment act 58 of 1977. Bills of exchange act 1933 uganda legal information. The southern part of the country includes a substantial portion of lake victoria. Depreciation a procedure for announcing certain bill of exchange void as a result of a loss, theft, destruction, etc. Act 1 land amendment act 2010 the land amendment act, 2010.
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. 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. Uganda online law library 1 the kampala capital city act, 2010 arrangement of sections section part ipreliminary. To promote the achievement of value for money in public procurement so as to contribute to national development. Act to consolidate and amend the laws relating to bills of exchange, cheques and promissory notes. Overview of the financial sector in uganda ugandas financial system is composed of formal, semiformal and informal institutions. 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. Knowledge of fact in relation to particular transaction 7. Environmental levyonused clothing, shoesandotherarticles.
Bill of exchange act mangaung metropolitan municipality. Securities and exchange commission 17 cfr parts 240 and 249b. Article 2 certain terms employed in this act shall denote the following. Insertion of a new section 52a the principal act is amended by inserting after section 52 the following new section. The investment code act 2000 uganda investment authority.
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