Partnerships (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

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. 5.

The Partnerships (Beneficial Owners) Regulations, 2023 (Under section 294 (1) of the Partnerships Act, 2010, Act No. 2 of 2010)

IN EXERCISE of the powers conferred on the Minister responsible for justice by section 52A(5) of the Partnerships Act, 2012, these Regulations are made this 29th day of December, 2022.

These Regulations may be cited as the Partnerships (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, willfully 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) and 6(2).

NOTICE OF BENEFICIAL OWNERS PARTICULARS*

Name of Limited Liability Partnership: …………………………………… Reg. No. of Limited Liability Partnership …………………………………

To The Registrar of Partnerships:

The above Limited Liability Partnership hereby gives notice that the following person is a beneficial owner of the Limited Liability Partnership.

PART A: DETAILS OF WHERE REGISTER IS KEPT

The register of beneficial owners of the Limited Liability Partnership 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 NIN/ Current Current Full Date of birth Postal passport Nationality Address email telephone Occupation Name [dd/mm/yyyy] address details address number

1

2

3

4

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

1

2

3

4

Partner.

Reg 5(2)

NOTICE OF CHANGE OF PARTICULARS OF BENEFICIAL OWNER

Name of Limited Liability Partnership: ... ... ... .... ..... ... . ... .... ... ... ... ... ... ...

NOTE: This Notice must be forwarded to the Registrar of Partnerships within 14 days after the date of the change, as the case may be.

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

NOTICE of change of particulars of beneficial owners.

TO: THE REGISTRAR OF PARTNERSHIPS:

…………………………………… (insert name of limited liability partnership) hereby gives notice, in accordance with section 52A of the Partnerships Act, 2010, that the particulars of registered beneficial owners have changed as follows: ……………………………………………………………………………… …………………………………………………………………………… …………………………………………………………………………… …………………………………………………….as from the …………… day of ……………………………………… 20 …………………………

Partner

DATED this ............ day of .....................………...... the year ..................

Regulation 3(1) and 6(2).

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

TO: THE REGISTRAR OF PARTNERSHIPS:

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 Limited Liability Partnership).

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

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

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 1 25,000 beneficial owner

Application for copy of, or extract from a document or particulars of a document 2 25,000 containing particulars on beneficial owners of a trustee (per copy)

HON. NORBERT MAO Minister of Justice and Constitutional Affairs.