Companies (Beneficial Owners) Regulations

SCHEDULE 1-FORMS FORM 1-Notice of Beneficial Owner Particulars FORM 2-Notice of Change of Particulars of Beneficial Owners FORM 3-Application to Inspect Particulars of Beneficial Owners/Copy of Extract

SCHEDULE 2-FEES

S T A T U T O R Y I N S T R U M E N T S

2023 No. 1

The Companies (Beneficial Owners) Regulations, 2023 (Under section 119A of the Companies Act, 2012, Act No.1 of 2012)

IN EXERCISE of the powers conferred on the Minister responsible for justice by section 119(A) and 294(1) of the Companies Act, 2012, these Regulations are made this 29th day of December, 2022.

These Regulations may be cited as the Companies (Beneficial Owners) Regulations, 2023.

In these Regulations, unless the context otherwise requires-

Any person who in any notice or document required by or for the purposes of these Regulations, wilfully makes a statement which is false in any material particular, knowing it to be false, is liable to a daily default fine of twenty five currency points.

SCHEDULE 1

FORMS Reg 3(2), 7(2). NOTICE OF BENEFICIAL OWNERS PARTICULARS*

Name of Company: ………………………………………………………...

Reg. No. of Company ………………………………………………………

The above company hereby gives notice that the following person is a beneficial owner of the company.

PART A: DETAILS OF WHERE REGISTER IS KEPT

The register of beneficial owners of the company is kept at ……………………………………………… (Place and Address)

PART B: DETAILS OF BENEFICIAL OWNER

Date on which the person became a beneficial owner: ____/____/________ [dd/mm/yyyy]

PARTICULARS OF BENEFICIAL OWNER Current Current Full NIN/passport Date of birth Postal Nationality Address email telephone Occupation Name details [dd/mm/yyyy] address address number

1

2

3

4

5

6

7

NATURE OF BENEFICIAL OWNERSHIP OR CONTROL Nature of ownership or control the beneficial owner has in the company (state percentage shares person holds in the company, /partnership/ percentage of Name of beneficial owner voting rights person holds in the company/ right to appoint or remove a majority of the board of directors of the company/ whether a person exercises significant influence or control over the company) 1

2

3

4

5

6

7

Signed ................................................. (Director/ Secretary)

Reg 6

NOTICE OF CHANGE OF PARTICULARS OF BENEFICIAL OWNERS

Name of Company: ... ... ... .... ... ... ... ... ........ .……….. ... ... ... . ... ... ... ...

NOTE: This Notice must be forwarded to the Registrar of Companies within 14 days after the change of particulars.

Presented by:……………………………………………………………….

NOTICE OF THE CHANGE OF PARTICULARS OF BENEFICIAL OWNERS.

…………………………… (insert name of company) hereby gives notice, in accordance with section 119A of the Companies Act, that the particulars of registered beneficial owners have changed as follows: …………………………………………………………………………… …………………………………………………………………………… …………………………………………………………………………… ……………………………………………………….as from the ……… day of ...................……...……….. 20 ……………………

Signed ………………………………… (Director/ Secretary)

DATED theis ............ day of ........................... 20.................

Reg 3(1), 8(1), 8(3).

APPLICATION TO INSPECT PARTICULARS OF BENEFICIAL OWNERS/COPY OF EXTRACT*

I, .. ... ... ... ......... ... ... .. (insert name of person) hereby apply to inspect the particulars of beneficial owners/copy of extract of particulars of beneficial owners*, of ……………………………………………….. (name of company).

The particulars of beneficial owners to be inspected are as follows: ………………………………. (describe in detail the particulars to be inspected/copies required*)

DATED this ............ day of ........................... 20 ..................

Signed ............................................ (Applicant)

Decision of Registrar ……………………………… (indicate whether application approved or not approved; if not approved, detailed written reasons for refusal should be given to applicant )

* Choose whichever is applicable

SCHEDULE 2

Regulation 8(1), (3)

FEES Fee in Uganda S/N Description of fee Shillings (UGX) Application to inspect particulars of beneficial

owner Application for copy of, or extract from a document or particulars of a document

containing particulars on beneficial owners of a company (per copy)

HON. NORBERT MAO, Minister of Justice and Constitutional Affairs.