Trustees Incorporation (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. 6.

The Trustees Incorporation (Beneficial Owners) Regulations, 2023 (Under section 3A of the Trustees Incorporation Act, Cap. 165)

IN EXERCISE of the powers conferred on the Minister responsible for trustees by section 3A of the Trustees Incorporation Act, these Regulations are made this 5th day of January, 2023.

These Regulations may be cited as the Trustees Incorporation (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 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 Regulation 3(2), 5(3).

NOTICE OF BENEFICIAL OWNER PARTICULARS*

Name of Trustees, or Trustee: …………………………………………...

Reg. No. of Trustees, or Trustee ………………………………………………

To: The Minister responsible for registration of trustees:

The above trustees, or a trustee hereby give notice that the following person is a beneficial owner of the trustees, or a trustee.

PART A: DETAILS OF WHERE REGISTER IS KEPT

The register of beneficial owners of the trustees, or a trustee 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

5

6

7

NATURE OF BENEFICIAL OWNERSHIP OR CONTROL Nature of ownership or control the beneficial Name of beneficial owner owner has in the Trustees, or a trustee 1

2

3

4

5

6

7

Signed ......................................... Trustee

Reg 6

NOTICE OF CHANGE OF PARTICULARS OF BENEFICIAL OWNERS

Name of Trustees or Trustee: ... ... ... .... ........ ... ... ... ... ... ... ... ... ... ... ... ...

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

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

NOTICE OF CHANGE OF PARTICULARS OF BENEFICIAL OWNERS.

TO: THE MINISTER RESONSIBLE FOR REGISTRATION OF TRUSTEES:

... ... ... ... ........………… (insert name of trustees, or a trustee) hereby gives notice, in accordance with section 3A of the Trustees Incorpration Act, that the particulars of registered beneficial owners have changed as follows:

……………………………………………………………………………… ……………………………………………………………………………… …………………………………………………………………………… ………………………………………………….as from the ......... day of ........................ 20........................

Signed ................................................. Trustee

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

Regulation 3(1) and 8(1).

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

TO: THE MINISTER RESPONSIBLE FOR TRUSTEES:

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

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

DATED the ............ day of ........................... the year ..................

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

Decision of Minister……………………………… (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 trustee (per copy)

HON. DR. SAM MAYANJA, Minister of State for Lands also holding the Portfolio of Minister of Lands, Housing and Urban Development.