Company meetings and resolutions

Company meetings and resolutions: Today, we discuss the different meetings held by a private company and the different resolutions to be extracted at those meetings. One of the best practices for your company is to constantly have meetings; whether to make business plans or strategies, or to discuss the progress of certain action points. It is good practice to make […]

Best principles and practices for continuity of your business

Best principles and practices for continuity of your business: This week, we discuss the legal perspective of the best principles and practices your company should abide by for successful continuity of business. Regulatory compliance: The need for regulatory compliance cannot be over-emphasised. As discussed in the previous weeks, your business could incur serious losses or even closure in the event […]

Statutory timelines

The case of Al shafi Investment Group LLC versus Abu Dhabi Islamic Bank and Ors HCMA 130/2021 (Commercial Court) The Principal Judge of the High Court of Uganda has re-affirmed, in the above case, the long settled principle that all court summonses must be served within 21 days, failure whereof one ought to apply for a renewal of the summonses […]

Garnishee Orders and monies in the consolidated fund.

Today’s legal bite: #Public Finance# Garnishee Orders The Hon. Justice Dr. Flavian Zeija, earlier on this month, in the case of CHINA HENAN INTERNATIONAL CORPORATION GROUP LTD v. JUSTUS KYABAHWA & UNRA, Miscellaneous Application No. 922 of 2021 made some important decisions on #Public Finance and# Garnishee Orders. Agreeing, largely, with the arguments advanced by the lawyers from Lawgic Advocates, representing CHINA HENAN INTERNATIONAL […]

Mortgages: no obligation to pay 30% before adjournment or stoppage of sale.

Today’s read on #mortgages #adjournment or stoppage of sale #Regulation13 #MortgageRegulations In the case of Royal Transit Ltd & anor versus ABSA Bank, court exercised its discretion to determine that the Applicant was not obliged to pay the 30% referred to under Regulation 13 of the Mortgage Regulations. Regulation 13 states that before court can grant an order adjourning a sale by public auction […]

Regulatory and compliance requirements after registration

Regulatory and compliance requirements after registration: Today, we discuss the basic regulatory and compliance requirements you need to put in place right after registration of your company/business. Compliance is the lifeline of your business. Many businesses fail due to non-compliance with different laws and regulations. For example, many businesses close shop for failure to pay taxes or file tax returns […]

Partnerships, Business Names and Companies

In the second part of the business associations series, we will discuss partnerships, business names and companies. Small businesses and partnerships: Smaller businesses run informally could be registered as a business name. For example, if one is operating a bakery or a supermarket alone, or even in conjunction with other people, they can register that as a business name. You […]

Regulatory compliance during the course of your business

Regulatory compliance during the course of your business: Last week, we discussed the regulatory and compliance requirements right after registration of your business. This week, we discuss the regulatory and compliance requirements during the course of your business. Today’s discussion will focus on companies.  File annual returns with the Registrar of Companies: Annual returns are a report to the […]

Decoding business associations in Uganda

Decoding business associations in Uganda At Lawgic Advocates, a considerable percentage of the clients that we receive are people who seek advice on how to form and maintain associations with others by which they can carry out business. In a bid to improve literacy in this area, we have started this weekly series where over the next few weeks, we […]