Uganda Development Corporation Act

1. Interpretation

In this Act, unless the context otherwise requires

"Board" means the board established under section 6 ;

"chairperson" means the chairperson of the board;

"Corporation" means the Uganda Development Corporation;

"currency point" has the value assigned to it in Schedule 1;

"Minister" means the Minister responsible for industrial development;

"undertaking" means an enterprise carrying on any commercial, industrial, mining, or agricultural operations.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Definition

This section supplies the definitions or statutory meaning governing “Interpretation”.

“In this Act, unless the context otherwise requires "Board" means the board established under section 6;”

Primary legislation Source quotation matched

Practical effect

Use this definition when interpreting other provisions that employ the language addressed by “Interpretation”.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

5

"chairperson" means the chairperson of the board;
"Corporation" means the Uganda Development Corporation;
"currency point" has the value assigned to it in Schedule 1;
"Minister" means the Minister responsible for industrial development;
"undertaking" means an enterprise carrying on any commercial, industrial, mining, or agricultural operations.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

Section 6 · Board of the Corporation

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

2. Establishment of Uganda Development Corporation

(1)

There is established the Uganda Development Corporation.

(2)

The Corporation is a body corporate with perpetual succession and a common seal and may for the purposes of discharging its functions under this Act-

(a)

acquire, hold or dispose of movable and immovable property;

(b)

sue and be sued in its corporate name;

(c)

do all acts and things that a body corporate may lawfully do.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Establishment of Uganda Development Corporation”.

“(1) There is established the Uganda Development Corporation.”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

5

(1) There is established the Uganda Development Corporation.
(2) The Corporation is a body corporate with perpetual succession and a common seal and may for the purposes of discharging its functions under this Act-
(a) acquire, hold or dispose of movable and immovable property;
(b) sue and be sued in its corporate name;
(c) do all acts and things that a body corporate may lawfully do.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

3. Objects of the Corporation

(1)

The object of the Corporation is to promote and facilitate the industrial and economic development of Uganda.

(2)

For the purposes of attaining its object under subsection (1) the Corporation-

(a)

shall establish subsidiary and associated companies;

(b)

may enter into public private partnerships with any commercial, industrial, or agricultural undertaking or enterprise;

(c)

may, through public private partnerships, assist in the financing and management of undertakings promoting industrial or economic development;

(d)

shall promote and facilitate research into industrial development.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Objects of the Corporation”.

“(1) The object of the Corporation is to promote and facilitate the industrial and economic development of Uganda.”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

6

(1) The object of the Corporation is to promote and facilitate the industrial and economic development of Uganda.
(2) For the purposes of attaining its object under subsection (1) the Corporation-
(a) shall establish subsidiary and associated companies;
(b) may enter into public private partnerships with any commercial, industrial, or agricultural undertaking or enterprise;
(c) may, through public private partnerships, assist in the financing and management of undertakings promoting industrial or economic development;
(d) shall promote and facilitate research into industrial development.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

4. Functions of the Corporation

(1)

The functions of the Corporation are-

(a)

to implement the object of the Corporation;

(b)

to facilitate Government investment in strategic sectors of the economy for the purposes of industrial and economic development;

(c)

to promote, facilitate and implement public private partnerships in areas related to the object of the Corporation;

(d)

to enter into joint ventures or other arrangements with any domestic or foreign entity for the purposes of fulfilling the object of the Corporation;

(e)

to take over the interest of Government in the entities specified in Schedule 2, and to manage promote and facilitate the interest of the Government in those entities;

(f)

to be one of implementing agencies of public private partnerships on behalf of Government;

(g)

to advise the Minister on the industrial and economic development of Uganda;

(h)

to promote, finance or guarantee the financing of any undertaking in Uganda or outside Uganda, where government is in partnership or joint venture with another entity;

(i)

to procure the registration of the Corporation in any country or territory;

(j)

to acquire an interest in, provide or by underwriting or otherwise assist in the subscription of capital for any undertaking engaged in, or proposing to establish, or expand or modernize any business or enterprise where government intends to acquire interest;

(k)

to appoint any person to act on behalf of the Corporation as director of or in any other capacity in relation to any enterprise or undertaking in which the Corporation has an interest;

(l)

to cooperate with research organizations in furtherance of the object of the Corporation;

(m)

to ensure the commercial, financial, and technical soundness and viability of entities with which Government enters into partnership ventures; and

(n)

to carry out any other function that is related, connected or conducive to the functions of the Corporation.

(2)

This section shall not be construed as authorizing the compulsory acquisition by the Corporation of any undertaking or any interest in any undertaking.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Functions of the Corporation”.

“(1) The functions of the Corporation are-”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

16

(1) The functions of the Corporation are-
(a) to implement the object of the Corporation;
(b) to facilitate Government investment in strategic sectors of the economy for the purposes of industrial and economic development;
(c) to promote, facilitate and implement public private partnerships in areas related to the object of the Corporation;
(d) to enter into joint ventures or other arrangements with any domestic or foreign entity for the purposes of fulfilling the object of the Corporation;
(e) to take over the interest of Government in the entities specified in Schedule 2, and to manage promote and facilitate the interest of the Government in those entities;
(f) to be one of implementing agencies of public private partnerships on behalf of Government;
(g) to advise the Minister on the industrial and economic development of Uganda;

8 further items remain in the statutory text above.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

5. Corporation to follow Government policy

(1)

In the performance of its functions, the Corporation shall follow the Government policy on industrial and economic development.

(2)

For the purposes of subsection (1), the Minister may, in writing, give policy directives to the Corporation regarding the attainment of its object.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Corporation to follow Government policy”.

“(1) In the performance of its functions, the Corporation shall follow the Government policy on industrial and economic development.”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

2

(1) In the performance of its functions, the Corporation shall follow the Government policy on industrial and economic development.
(2) For the purposes of subsection (1), the Minister may, in writing, give policy directives to the Corporation regarding the attainment of its object.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

6. Board of the Corporation

(1)

The Corporation shall be governed by a Board.

(2)

The Board shall consist of the following-

(a)

one person with experience and knowledge in corporate governance, industrial or economic development, who shall be the chairperson;

(b)

the permanent secretary of the ministry responsible for industry or his or her representative being an officer not below the rank of commissioner;

(c)

the permanent secretary of the ministry responsible for finance or his or her representative being an officer not below the rank of commissioner;

(d)

four eminent persons of good repute and proven integrity to represent the private sector;

(e)

the Executive Director, who shall not have the right to vote.

(3)

The members of the Board shall be appointed by the Minister with the approval of Cabinet.

(4)

A person shall not be appointed a member of the Board under subsection (2) (a) and (e) if that person holds an elective political office or is a public officer or he or she holds a controlling interest in any venture likely to conflict with the business interests of the Corporation.

(5)

A member of the Board shall hold office on the terms and conditions specified in the instrument of appointment.

(6)

A member of the Board other than a member appointed under paragraphs (b) and (c) of subsection (2) shall hold office for three years and shall be eligible for reappointment only once.

(7)

The Minister shall ensure that not less than 40% of the members appointed to the Board shall be women.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Board of the Corporation”.

“(1) The Corporation shall be governed by a Board.”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

12

(1) The Corporation shall be governed by a Board.
(2) The Board shall consist of the following-
(a) one person with experience and knowledge in corporate governance, industrial or economic development, who shall be the chairperson;
(b) the permanent secretary of the ministry responsible for industry or his or her representative being an officer not below the rank of commissioner;
(c) the permanent secretary of the ministry responsible for finance or his or her representative being an officer not below the rank of commissioner;
(d) four eminent persons of good repute and proven integrity to represent the private sector;
(e) the Executive Director, who shall not have the right to vote.
(3) The members of the Board shall be appointed by the Minister with the approval of Cabinet.

4 further items remain in the statutory text above.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

7. Vacating office of member of the Board

(1)

A person appointed by the Minister shall cease to be a member of the Board if that person-

(a)

resigns;

(b)

is declared insolvent;

(c)

is convicted of a criminal offence in respect of which a penalty of imprisonment of six months or more is imposed without the option of a fine;

(d)

is elected to Parliament or a local government council;

(e)

is removed from office by the Minister for-

(i)

continuously and persistently being unable to discharge the functions of member of the Board;

(ii)

inability to perform the functions of his or her office arising from infirmity of body or mind;

(iii)

failing to disclose to the Corporation any interest in a contract or proposed contract with the Corporation;

(iv)

misconduct or abuse of office.

(2)

A person appointed a member of the Board may resign from office in writing to the Minister.

(3)

Where a member appointed by the Minister resigns or is removed from office under this section, the Minister may in accordance with section 6 appoint another person to replace the member, and to hold office for the remainder of the term of that member.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Offence or consequence

This section creates or governs statutory liability concerning “Vacating office of member of the Board”.

“(1) A person appointed by the Minister shall cease to be a member of the Board if that person-”

Primary legislation Source quotation matched

Practical effect

A party alleging or defending liability should test the facts and prescribed consequence against each operative requirement.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

12

(1) A person appointed by the Minister shall cease to be a member of the Board if that person-
(a) resigns;
(b) is declared insolvent;
(c) is convicted of a criminal offence in respect of which a penalty of imprisonment of six months or more is imposed without the option of a fine;
(d) is elected to Parliament or a local government council;
(e) is removed from office by the Minister for-
(i) continuously and persistently being unable to discharge the functions of member of the Board;
(ii) inability to perform the functions of his or her office arising from infirmity of body or mind;

4 further items remain in the statutory text above.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

Section 6 · Board of the Corporation

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

8. Meetings of the Board

(1)

The Board shall ordinarily meet at least once in every two months for the purposes of discharging its functions.

(2)

The Board shall also meet at the written request of not less than three members of the Board.

(3)

The meetings of the Board shall be conducted in accordance with Schedule 3.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Meetings of the Board”.

“(1) The Board shall ordinarily meet at least once in every two months for the purposes of discharging its functions.”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

3

(1) The Board shall ordinarily meet at least once in every two months for the purposes of discharging its functions.
(2) The Board shall also meet at the written request of not less than three members of the Board.
(3) The meetings of the Board shall be conducted in accordance with Schedule 3.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

9. Remuneration of members of the Board

A member of the board, except the Executive Director, shall be paid remuneration or allowances approved by the Minister in consultation with the Ministers responsible for public service and finance

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Remuneration of members of the Board”.

“A member of the board, except the Executive Director, shall be paid remuneration or allowances approved by the Minister in consultation with the Ministers responsible for public service and finance”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

1

A member of the board, except the Executive Director, shall be paid remuneration or allowances approved by the Minister in consultation with the Ministers responsible for public service and finance

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

10. Committees of the Board

(1)

The Board may appoint committees-

(a)

to inquire into and advise the Board on any matter concerning the functions of the Corporation;

(b)

to exercise the powers or perform a function of the Board.

(2)

A committee appointed under subsection (1) shall consist of a chairperson and other members of the Board, as the Board may determine.

(3)

A committee may invite any person to attend any of its meetings and may co-opt any person to the committee, but that person shall not vote on any matter before the committee.

(4)

Members of a committee appointed under this section may be paid allowances as the Board may, with the written approval of the Minister, determine.

(5)

Subject to Schedule 3, a committee appointed under this section may regulate its own procedure.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Committees of the Board”.

“(1) The Board may appoint committees-”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

7

(1) The Board may appoint committees-
(a) to inquire into and advise the Board on any matter concerning the functions of the Corporation;
(b) to exercise the powers or perform a function of the Board.
(2) A committee appointed under subsection (1) shall consist of a chairperson and other members of the Board, as the Board may determine.
(3) A committee may invite any person to attend any of its meetings and may co-opt any person to the committee, but that person shall not vote on any matter before the committee.
(4) Members of a committee appointed under this section may be paid allowances as the Board may, with the written approval of the Minister, determine.
(5) Subject to Schedule 3, a committee appointed under this section may regulate its own procedure.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

11. Cooperation with other agencies

(1)

The Corporation shall cooperate with other government ministries, departments, and agencies in the implementation of this Act.

(2)

For the purpose of subsection (1), all ministries, departments and agencies of government shall accord to the Corporation such assistance as may be necessary to ensure the proper discharge of the objects of the Corporation.

(3)

Any person in authority in a government ministry, department, or agency, who contravenes subsection (2), commits an offence and is liable on conviction to a fine of forty-two currency points or imprisonment not exceeding three years or both.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Offence or consequence

This section creates or governs statutory liability concerning “Cooperation with other agencies”.

“(1) The Corporation shall cooperate with other government ministries, departments, and agencies in the implementation of this Act.”

Primary legislation Source quotation matched

Practical effect

A party alleging or defending liability should test the facts and prescribed consequence against each operative requirement.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

3

(1) The Corporation shall cooperate with other government ministries, departments, and agencies in the implementation of this Act.
(2) For the purpose of subsection (1), all ministries, departments and agencies of government shall accord to the Corporation such assistance as may be necessary to ensure the proper discharge of the objects of the Corporation.
(3) Any person in authority in a government ministry, department, or agency, who contravenes subsection (2), commits an offence and is liable on conviction to a fine of forty-two currency points or imprisonment not exceeding three years or both.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

12. Executive Director

(1)

The Corporation shall have a full time Executive Director who shall be appointed by the Minister on the recommendation of the Board.

(2)

A person shall not be appointed Executive Director unless that person has considerable knowledge and experience in management or administration.

(3)

The Executive Director shall hold office for four years and shall be eligible for reappointment for one more term only.

(4)

A person shall cease to hold the office of Executive Director if that person-

(a)

resigns;

(b)

is declared insolvent;

(c)

is convicted of a criminal offence in respect of which a penalty of imprisonment of six months or more is imposed without the option of a fine;

(d)

is removed from office by the Minister on the recommendation of the Board for-

(i)

continuously and persistently being unable to discharge the functions of Executive Director;

(ii)

failing to disclose to the Corporation any interest in a contract or proposed contract with the Corporation;

(iii)

misconduct or abuse of office.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Offence or consequence

This section creates or governs statutory liability concerning “Executive Director”.

“(1) The Corporation shall have a full time Executive Director who shall be appointed by the Minister on the recommendation of the Board.”

Primary legislation Source quotation matched

Practical effect

A party alleging or defending liability should test the facts and prescribed consequence against each operative requirement.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

11

(1) The Corporation shall have a full time Executive Director who shall be appointed by the Minister on the recommendation of the Board.
(2) A person shall not be appointed Executive Director unless that person has considerable knowledge and experience in management or administration.
(3) The Executive Director shall hold office for four years and shall be eligible for reappointment for one more term only.
(4) A person shall cease to hold the office of Executive Director if that person-
(a) resigns;
(b) is declared insolvent;
(c) is convicted of a criminal offence in respect of which a penalty of imprisonment of six months or more is imposed without the option of a fine;
(d) is removed from office by the Minister on the recommendation of the Board for-

3 further items remain in the statutory text above.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

13. Duties of the Executive Director

(1)

Subject to this Act and to the general supervision of the Board, the Executive Director is the chief executive officer of the Corporation and shall-

(a)

implement the policies and programmes agreed upon by the Board;

(b)

manage the funds and property of the Corporation;

(c)

administer, organise, supervise, and generally control the staff of the Corporation;

(d)

keep the Board informed of the activities of the Corporation; and

(e)

keep a record of all the transactions of the Corporation.

(2)

In the performance of his or her duties, the Executive Director is answerable to the Board.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Duties of the Executive Director”.

“(1) Subject to this Act and to the general supervision of the Board, the Executive Director is the chief executive officer of the Corporation and shall-”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

7

(1) Subject to this Act and to the general supervision of the Board, the Executive Director is the chief executive officer of the Corporation and shall-
(a) implement the policies and programmes agreed upon by the Board;
(b) manage the funds and property of the Corporation;
(c) administer, organise, supervise, and generally control the staff of the Corporation;
(d) keep the Board informed of the activities of the Corporation; and
(e) keep a record of all the transactions of the Corporation.
(2) In the performance of his or her duties, the Executive Director is answerable to the Board.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

14. Corporation Secretary

(1)

There shall be a secretary to the Corporation who shall be appointed by the Board on terms and conditions specified in the instrument of appointment.

(2)

The secretary to the Corporation shall be the principal legal advisor of the Corporation.

(3)

The secretary to the Corporation shall be responsible for-

(a)

arranging the business at meetings of the Board;

(b)

taking minutes at the meetings of the Board;

(c)

keeping the records of the decisions and other policy records of the Board; and

(d)

performing any other functions assigned by the Executive Director.

(4)

In the performance of his or her functions, the secretary is answerable to the Executive Director.

(5)

The secretary to the Corporation shall possess relevant professional qualifications.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Corporation Secretary”.

“(1) There shall be a secretary to the Corporation who shall be appointed by the Board on terms and conditions specified in the instrument of appointment.”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

9

(1) There shall be a secretary to the Corporation who shall be appointed by the Board on terms and conditions specified in the instrument of appointment.
(2) The secretary to the Corporation shall be the principal legal advisor of the Corporation.
(3) The secretary to the Corporation shall be responsible for-
(a) arranging the business at meetings of the Board;
(b) taking minutes at the meetings of the Board;
(c) keeping the records of the decisions and other policy records of the Board; and
(d) performing any other functions assigned by the Executive Director.
(4) In the performance of his or her functions, the secretary is answerable to the Executive Director.

1 further item remain in the statutory text above.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

15. Other officers and staff of the Corporation

(1)

The Corporation shall have such number of staff as may be necessary for the effective performance of its functions.

(2)

The staff of the Corporation shall be appointed by the Board on such terms and conditions as the Board shall determine.

(3)

The Board may delegate the power to appoint certain categories of staff of the Corporation to the Executive Director.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Other officers and staff of the Corporation”.

“(1) The Corporation shall have such number of staff as may be necessary for the effective performance of its functions.”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

3

(1) The Corporation shall have such number of staff as may be necessary for the effective performance of its functions.
(2) The staff of the Corporation shall be appointed by the Board on such terms and conditions as the Board shall determine.
(3) The Board may delegate the power to appoint certain categories of staff of the Corporation to the Executive Director.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

16. Protection of members of the Board and officers of the Corporation

A member of the Board or an officer of the Corporation or a person acting on the directions of the Board or of an officer of the Corporation is not personally liable for any act or omission done or omitted to be done in good faith in the exercise of functions under this Act

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Governing rule

This section states the governing statutory rule for “Protection of members of the Board and officers of the Corporation”.

“A member of the Board or an officer of the Corporation or a person acting on the directions of the Board or of an officer of the Corporation is not personally liable for any act or omission done or omitted to be done in good faith in the exercise of functions under this Act”

Primary legislation Source quotation matched

Practical effect

Use this section as the starting statutory rule for “Protection of members of the Board and officers of the Corporation”, together with the linked provisions and current consolidation.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

0

This section states a single governing proposition and does not enumerate separate elements.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

17. Capital of the Corporation

(1)

Subject to this section, the capital of the Corporation is five hundred billion shillings.

(2)

Subject to this Act, the Minister may with the approval of Cabinet by statutory instrument, increase the capital of the Corporation.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Capital of the Corporation”.

“(1) Subject to this section, the capital of the Corporation is five hundred billion shillings.”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

2

(1) Subject to this section, the capital of the Corporation is five hundred billion shillings.
(2) Subject to this Act, the Minister may with the approval of Cabinet by statutory instrument, increase the capital of the Corporation.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

18. Funds of the Corporation

The funds of the Corporation shall consist of (a) money appropriated by Parliament for the purposes of the Corporation;

(b)

grants, gifts, or donations extended to the Corporation; and

(c)

loans obtained with the approval of Cabinet in accordance with the Public Finance Management Act, 2015.

(d)

profits or dividends and other fees or charges of the Corporation, 2015.

(2)

All funds received by the Corporation under subsection (1) shall be declared to the minister responsible for finance in accordance with the Public Finance Management Act.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Funds of the Corporation”.

“The funds of the Corporation shall consist of (a) money appropriated by Parliament for the purposes of the Corporation;”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

4

(b) grants, gifts, or donations extended to the Corporation; and
(c) loans obtained with the approval of Cabinet in accordance with the Public Finance Management Act, 2015.
(d) profits or dividends and other fees or charges of the Corporation, 2015.
(2) All funds received by the Corporation under subsection (1) shall be declared to the minister responsible for finance in accordance with the Public Finance Management Act.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

Public Finance Management Act

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

19. Borrowing powers of Corporation

Subject to Article 159 of the Constitution, the Board may with the approval of Parliament borrow money as may be required for meeting its obligations or for the discharge of the functions of the Corporation under this Act

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Borrowing powers of Corporation”.

“Subject to Article 159 of the Constitution, the Board may with the approval of Parliament borrow money as may be required for meeting its obligations or for the discharge of the functions of the Corporation under this Act”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

1

Subject to Article 159 of the Constitution, the Board may with the approval of Parliament borrow money as may be required for meeting its obligations or for the discharge of the functions of the Corporation under this Act

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

20. Power to open and operate bank accounts

The Corporation may, in accordance with section 33(2) of the Public Finance Management Act, 2015, open and operate bank accounts as are necessary for the performance of the functions of the Corporation

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Power to open and operate bank accounts”.

“The Corporation may, in accordance with section 33(2) of the Public Finance Management Act, 2015, open and operate bank accounts as are necessary for the performance of the functions of the Corporation”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

1

The Corporation may, in accordance with section 33(2) of the Public Finance Management Act, 2015, open and operate bank accounts as are necessary for the performance of the functions of the Corporation

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

Section 33 · Vesting of assets and liabilities Public Finance Management Act

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

21. Estimates of income and expenditure

(1)

The Board shall, not less than two months before the beginning of each financial year, prepare and submit to the Minister for approval, a budget containing the estimates of income and expenditure of the Corporation for the next financial year.

(2)

The Corporation shall not incur any expenditure exceeding the budget without the approval of the Minister.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Estimates of income and expenditure”.

“(1) The Board shall, not less than two months before the beginning of each financial year, prepare and submit to the Minister for approval, a budget containing the estimates of income and expenditure of the Corporation for the next financial year.”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

2

(1) The Board shall, not less than two months before the beginning of each financial year, prepare and submit to the Minister for approval, a budget containing the estimates of income and expenditure of the Corporation for the next financial year.
(2) The Corporation shall not incur any expenditure exceeding the budget without the approval of the Minister.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

22. Application of Corporation funds

The funds of the Corporation may be applied for the performance of the functions of the Corporation in accordance with the annual budgetary estimates for each financial year

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Scope rule

This section defines when and how “Application of Corporation funds” applies.

“The funds of the Corporation may be applied for the performance of the functions of the Corporation in accordance with the annual budgetary estimates for each financial year”

Primary legislation Source quotation matched

Practical effect

Confirm that the matter and forum fall within this section before applying the Act's remaining provisions.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

1

The funds of the Corporation may be applied for the performance of the functions of the Corporation in accordance with the annual budgetary estimates for each financial year

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

23. Declaration of earnings

(1)

The Corporation shall within three months after the end of each financial year declare to the Minister the earnings from the undertakings, joint ventures or public private partnerships entered into by the Corporation.

(2)

The Board may, in consultation with the Minister, apply the earnings of the Corporation to the business of the Corporation.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Declaration of earnings”.

“(1) The Corporation shall within three months after the end of each financial year declare to the Minister the earnings from the undertakings, joint ventures or public private partnerships entered into by the Corporation.”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

2

(1) The Corporation shall within three months after the end of each financial year declare to the Minister the earnings from the undertakings, joint ventures or public private partnerships entered into by the Corporation.
(2) The Board may, in consultation with the Minister, apply the earnings of the Corporation to the business of the Corporation.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

24. Investment of funds of the Corporation

(1)

The Board shall declare to the Minister any money of the Corporation that is not utilized at the end of each financial year.

(2)

Any funds of the Corporation not immediately required for any purpose under this Act, may with the approval of the Board be invested-

(a)

on a fixed deposit account with a bank approved by the Board;

(b)

in treasury bills and securities of the Government;

(c)

in any other manner determined by the Board.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Investment of funds of the Corporation”.

“(1) The Board shall declare to the Minister any money of the Corporation that is not utilized at the end of each financial year.”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

5

(1) The Board shall declare to the Minister any money of the Corporation that is not utilized at the end of each financial year.
(2) Any funds of the Corporation not immediately required for any purpose under this Act, may with the approval of the Board be invested-
(a) on a fixed deposit account with a bank approved by the Board;
(b) in treasury bills and securities of the Government;
(c) in any other manner determined by the Board.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

25. Financial year of Corporation

The financial year of the Corporation shall be same as the financial year of Government

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Financial year of Corporation”.

“The financial year of the Corporation shall be same as the financial year of Government”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

1

The financial year of the Corporation shall be same as the financial year of Government

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

26. Accounts

The Corporation shall keep proper books of accounts and all records relating to the transactions and affairs of the Corporation

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Accounts”.

“The Corporation shall keep proper books of accounts and all records relating to the transactions and affairs of the Corporation”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

1

The Corporation shall keep proper books of accounts and all records relating to the transactions and affairs of the Corporation

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

27. Audit

(1)

The Auditor General or an auditor appointed by the Auditor General shall, in each financial year, audit the accounts of the Corporation.

(2)

The Auditor General shall within six months after receipt of the accounts, submit to Parliament a report on the audited accounts of the Corporation.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Audit”.

“(1) The Auditor General or an auditor appointed by the Auditor General shall, in each financial year, audit the accounts of the Corporation.”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

2

(1) The Auditor General or an auditor appointed by the Auditor General shall, in each financial year, audit the accounts of the Corporation.
(2) The Auditor General shall within six months after receipt of the accounts, submit to Parliament a report on the audited accounts of the Corporation.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

28. Industrial and Economic Development Fund

(1)

There is established a fund to be known as the Industrial and Economic Development Fund.

(2)

The Industrial and Economic Development Fund shall be utilised to-

(a)

finance the promotion and facilitation of industrial and economic development of Uganda;

(b)

finance and manage industrial and agricultural undertakings or economic developments in which the Government has interest;

(c)

promote and facilitate research into industrial development.

(3)

Subject to this section, the Industrial and Economic Development Fund shall be managed by the Corporation.

(4)

The monies to form part of the Industrial and Economic Development Fund shall be derived from the following sources-

(a)

monies appropriated by Parliament;

(b)

loans obtained by the Government;

(c)

grants from any donors;

(d)

any monies paid into the fund under this Act;

(e)

any other source approved by the Minister in writing in consultation with the Minister responsible for finance.

(5)

The Minister shall, by statutory instrument, with the approval of Cabinet, provide for the control and management of the Industrial and Economic Development Fund.

(6)

The Minister shall lay the instrument made under subsection (5) before Parliament.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Industrial and Economic Development Fund”.

“(1) There is established a fund to be known as the Industrial and Economic Development Fund.”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

14

(1) There is established a fund to be known as the Industrial and Economic Development Fund.
(2) The Industrial and Economic Development Fund shall be utilised to-
(a) finance the promotion and facilitation of industrial and economic development of Uganda;
(b) finance and manage industrial and agricultural undertakings or economic developments in which the Government has interest;
(c) promote and facilitate research into industrial development.
(3) Subject to this section, the Industrial and Economic Development Fund shall be managed by the Corporation.
(4) The monies to form part of the Industrial and Economic Development Fund shall be derived from the following sources-
(a) monies appropriated by Parliament;

6 further items remain in the statutory text above.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

29. Official seal of Corporation

(1)

The common seal of the Corporation shall be determined by the Board and shall be kept in the custody of the Executive Director.

(2)

The common seal shall, when affixed to any document, be authenticated by the signatures of the Executive Director and the secretary to the Corporation.

(3)

A contract or instrument which if entered into or executed by a person not being a body corporate would not be required to be under seal may be entered into or executed without a seal on behalf of the Corporation by the Executive Director or any other person authorised for the purpose by the Board.

(4)

Every document purporting to be-

(a)

an instrument issued by the Corporation and sealed with the common seal of the Corporation and authenticated in accordance with this section; or

(b)

a contract or instrument entered into or executed under this section, shall be received in evidence as such without further proof unless the contrary is proved.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Official seal of Corporation”.

“(1) The common seal of the Corporation shall be determined by the Board and shall be kept in the custody of the Executive Director.”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

6

(1) The common seal of the Corporation shall be determined by the Board and shall be kept in the custody of the Executive Director.
(2) The common seal shall, when affixed to any document, be authenticated by the signatures of the Executive Director and the secretary to the Corporation.
(3) A contract or instrument which if entered into or executed by a person not being a body corporate would not be required to be under seal may be entered into or executed without a seal on behalf of the Corporation by the Executive Director or any other person authorised for the purpose by the Board.
(4) Every document purporting to be-
(a) an instrument issued by the Corporation and sealed with the common seal of the Corporation and authenticated in accordance with this section; or
(b) a contract or instrument entered into or executed under this section, shall be received in evidence as such without further proof unless the contrary is proved.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

30. Annual and other reports

(1)

The Board shall, not later than six months after the end of each financial year, make and submit to the Minister a report on the activities of the Corporation during that financial year.

(2)

The Corporation shall submit to the Minister, together with the report referred to in subsection (1), the audited financial statements of the Corporation, and the auditor's report on those statements.

(3)

The Board shall also submit to the Minister quarterly performance reports and other reports as the Minister may from time to time require.

(4)

The Minister shall, not later than six months after receipt of the report submitted to him or her under subsection (1), table the report before Parliament.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Annual and other reports”.

“(1) The Board shall, not later than six months after the end of each financial year, make and submit to the Minister a report on the activities of the Corporation during that financial year.”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

4

(1) The Board shall, not later than six months after the end of each financial year, make and submit to the Minister a report on the activities of the Corporation during that financial year.
(2) The Corporation shall submit to the Minister, together with the report referred to in subsection (1), the audited financial statements of the Corporation, and the auditor's report on those statements.
(3) The Board shall also submit to the Minister quarterly performance reports and other reports as the Minister may from time to time require.
(4) The Minister shall, not later than six months after receipt of the report submitted to him or her under subsection (1), table the report before Parliament.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

31. Confidentiality

(1)

An employee of the Corporation shall not disclose to any unauthorised person any information obtained by virtue of his or her employment except where the employee is authorised by law to disclose the information.

(2)

A person who contravenes subsection (1) commits an offence and is liable, on conviction, to a fine not exceeding one hundred twenty currency points or imprisonment not exceeding five years or both.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Offence or consequence

This section creates or governs statutory liability concerning “Confidentiality”.

“(1) An employee of the Corporation shall not disclose to any unauthorised person any information obtained by virtue of his or her employment except where the employee is authorised by law to disclose the information.”

Primary legislation Source quotation matched

Practical effect

A party alleging or defending liability should test the facts and prescribed consequence against each operative requirement.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

2

(1) An employee of the Corporation shall not disclose to any unauthorised person any information obtained by virtue of his or her employment except where the employee is authorised by law to disclose the information.
(2) A person who contravenes subsection (1) commits an offence and is liable, on conviction, to a fine not exceeding one hundred twenty currency points or imprisonment not exceeding five years or both.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

32. Conflict of interest

A person who has an interest in any matter considered by the Board and who fails to disclose his or her interest in accordance with this Act may be prosecuted and punished under the Anti-Corruption Act, 2009 for conflict of interest

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Conflict of interest”.

“A person who has an interest in any matter considered by the Board and who fails to disclose his or her interest in accordance with this Act may be prosecuted and punished under the Anti-Corruption Act, 2009 for conflict of interest”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

1

A person who has an interest in any matter considered by the Board and who fails to disclose his or her interest in accordance with this Act may be prosecuted and punished under the Anti-Corruption Act, 2009 for conflict of interest

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

Anti-Corruption Act

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

33. Vesting of assets and liabilities

(1)

All property, rights, assets, liabilities, and obligations of Uganda Development Corporation Ltd listed under Schedule 2 are, upon commencement of this Act, transferred to the Corporation.

(2)

The Minister shall, in accordance with section 4(1)(e) , by statutory order, list other property, rights, assets, liabilities and obligations of Government to be included in Schedule 2.

(3)

For the avoidance of doubt, the assets and liabilities of the Uganda Development Corporation existing under the repealed Uganda Development Corporation Act shall not be taken to be transferred to the Corporation under this section.

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Mandatory duty

This section imposes mandatory requirements concerning “Vesting of assets and liabilities”.

“(1) All property, rights, assets, liabilities, and obligations of Uganda Development Corporation Ltd listed under Schedule 2 are, upon commencement of this Act, transferred to the Corporation.”

Primary legislation Source quotation matched

Practical effect

The provision uses mandatory language; the responsible person or institution should be able to demonstrate compliance.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

3

(1) All property, rights, assets, liabilities, and obligations of Uganda Development Corporation Ltd listed under Schedule 2 are, upon commencement of this Act, transferred to the Corporation.
(2) The Minister shall, in accordance with section 4(1)(e), by statutory order, list other property, rights, assets, liabilities and obligations of Government to be included in Schedule 2.
(3) For the avoidance of doubt, the assets and liabilities of the Uganda Development Corporation existing under the repealed Uganda Development Corporation Act shall not be taken to be transferred to the Corporation under this section.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

Section 4 · Functions of the Corporation

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

34. Employees

(1)

The Corporation may, on the commencement of this Act, accept into its employment any person who immediately before that date is employed by Uganda Development Company Limited and who has been given an option by the Corporation and has opted to serve as an employee of the Corporation.

(2)

A person who opts to serve as an employee of the Corporation under subsection (1) shall only be accepted as an employee of the Corporation on a competitive interview basis and shall be employed on terms and conditions of service not less favorable than the terms and conditions of service to which the person is entitled immediately before the coming into force of this Act.

(3)

For the avoidance of doubt, a person who is not accepted under subsection (1) as an employee of the Corporation is entitled to terminal benefits and pension and the Government shall be responsible for the payment of all retirement benefits and severance pay payable as appropriate, to the employees referred to in subsection (1).

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Employees”.

“(1) The Corporation may, on the commencement of this Act, accept into its employment any person who immediately before that date is employed by Uganda Development Company Limited and who has been given an option by the Corporation and has opted to serve as an employee of the Corporation.”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

3

(1) The Corporation may, on the commencement of this Act, accept into its employment any person who immediately before that date is employed by Uganda Development Company Limited and who has been given an option by the Corporation and has opted to serve as an employee of the Corporation.
(2) A person who opts to serve as an employee of the Corporation under subsection (1) shall only be accepted as an employee of the Corporation on a competitive interview basis and shall be employed on terms and conditions of service not less favorable than the terms and conditions of service to which the person is entitled immediately before the coming into force of this Act.
(3) For the avoidance of doubt, a person who is not accepted under subsection (1) as an employee of the Corporation is entitled to terminal benefits and pension and the Government shall be responsible for the payment of all retirement benefits and severance pay payable as appropriate, to the employees referred to in subsection (1).

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

35. Amendment of Schedules

The Minister may, with the approval of Cabinet, by statutory instrument, amend the Schedules to this Act

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Statutory power

This section confers or regulates the statutory power described as “Amendment of Schedules”.

“The Minister may, with the approval of Cabinet, by statutory instrument, amend the Schedules to this Act”

Primary legislation Source quotation matched

Practical effect

The power must be exercised by the authorised decision-maker, within the conditions and purpose stated in the section.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

1

The Minister may, with the approval of Cabinet, by statutory instrument, amend the Schedules to this Act

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

No express internal or cross-Act reference appears in this section.

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

36. Regulations

(1)

The Minister may, in consultation with the Board, by statutory instrument, make regulations for giving effect to the provisions of this Act.

(2)

Without limiting the general effect of subsection (1), regulations under that subsection may-

(a)

prescribe penalties in respect of the contravention of the regulations not exceeding a fine of two hundred currency points or five years imprisonment or both;

(b)

prescribe penalties for continuing and repeated offences;

(c)

provide for the forfeiture of anything used for the commission of an offence;

(d)

prescribe fees for anything done under the Act;

(e)

prescribe forms for the purposes of the Act.

Schedule 1 (Section 1 )

Currency point One currency point is equivalent to twenty thousand shillings.

Schedule 2 (Section 4 )

Undertakings in which the Corporation acquires the interest of the Government

Section analysis Source-linked statutory analysis Source linked

Approved statute annotation. Statutory quotations are matched to this consolidation and judicial passages are linked to judgments. Check the primary sources alongside this analysis.

What this section does

Offence or consequence

This section creates or governs statutory liability concerning “Regulations”.

“(1) The Minister may, in consultation with the Board, by statutory instrument, make regulations for giving effect to the provisions of this Act.”

Primary legislation Source quotation matched

Practical effect

A party alleging or defending liability should test the facts and prescribed consequence against each operative requirement.

Deterministic editorial synthesis — not a substitute for the statutory text Editorial synthesis approved

Elements or requirements

Operative requirements extracted from the consolidated text.

7

(1) The Minister may, in consultation with the Board, by statutory instrument, make regulations for giving effect to the provisions of this Act.
(2) Without limiting the general effect of subsection (1), regulations under that subsection may-
(a) prescribe penalties in respect of the contravention of the regulations not exceeding a fine of two hundred currency points or five years imprisonment or both;
(b) prescribe penalties for continuing and repeated offences;
(c) provide for the forfeiture of anything used for the commission of an offence;
(d) prescribe fees for anything done under the Act;
(e) prescribe forms for the purposes of the Act.

Judicial interpretation

Express propositions in source-matched passages from judgments citing this section.

0

No judgment in the current Wakilii corpus expressly cites this section. Bare rule-number references are not assigned where the Order cannot be verified.

Related provisions

Section 1 · Interpretation Section 4 · Functions of the Corporation

Amendment notes

No section-specific amendment note or instrument-level amendment history appears in this consolidation.

1. Amber House Limited

The text of this section isn't in the consolidation we hold — see the original PDF above.

2. Embassy House

The text of this section isn't in the consolidation we hold — see the original PDF above.

3. Development House

The text of this section isn't in the consolidation we hold — see the original PDF above.

4. Munyonyo Commonwealth Resort

The text of this section isn't in the consolidation we hold — see the original PDF above.

5. Nile Hotel Limited

The text of this section isn't in the consolidation we hold — see the original PDF above.

6. Phenix Logistics

The text of this section isn't in the consolidation we hold — see the original PDF above.

7. Tri-Star Apparels Limited

Schedule 3 (Section 8 )

Meetings of the Board

1. Meetings of the Board

(1)

The Board shall meet at least once every two months at such places and at such times as may be decided upon by the Board.

(2)

The chairperson shall preside at every meeting of the Board and in his or her absence, the members present shall elect from among their number, an acting chairperson other than a member to whom section 6(2) (b) and (c) applies.

(3)

The meetings of the Board shall be convened by the secretary to the Corporation upon the direction of the chairperson of the Board.

2. Quorum

(1)

The quorum for a meeting of the Board is five members.

(2)

Where a member declares an interest in an agenda item or in a matter before the Board, the member shall not be counted for purposes of forming a quorum in relation to that item or matter in question.

3. Decisions of the Board

(1)

Except for the decisions on the matters specified in paragraph 4, all decisions at a meeting of the Board shall be by simple majority of the votes of the members present and where there is an equality of votes, the person presiding at the meeting shall have a casting vote.

(2)

A decision may be made by the board without a physical meeting of the members of the Board, by video conferencing, teleconferencing or other electronic means that ensures participation by all members of the Board.

(3)

The validity of any proceedings of the Board shall not be affected by any vacancy amongst the members or any defect in the appointment of a member.

(4)

The decision reached by the Board shall be binding on all members.

4. Decisions of the Board on certain matters

The following matters shall require the unanimous approval of the members of the Board and approval of the Minister-

(a)

the increase or reduction in the capital of the Corporation;

(b)

any investment decision in excess of fifty percent of the capital of the Corporation;

(c)

the sale of profitable ventures, subsidiaries, or affiliates of the Corporation;

(d)

the partial public divestiture of the Corporation;

(e)

the approval of loans by the Corporation;

(f)

the private or public placement of Corporation debt or notes.

5. Disclosure of interest

(1)

A member of the Board who has a direct or indirect personal interest in a matter being considered or which is about to be considered by the Board shall, as soon as possible after the relevant facts have come to his or her knowledge, disclose the nature of the interest to the Board.

(2)

A disclosure of interest under subparagraph (1) shall be recorded in the minutes of the meeting of the Board and the member who makes the disclosure shall not, unless the Board otherwise determines in respect of that matter-

(a)

be present during any deliberation on the matter by the Board;

(b)

take part in the decisions of the Board.

(3)

For the purpose of making a decision by the Board under subparagraph (2), in relation to a member who makes a disclosure under subparagraph (1), the member who makes the disclosure shall not-

(a)

be present during the deliberations of the Board for making the determination;

(b)

influence any other member or participate in the making by the Board of the determination.

(4)

Where there is no quorum for the continuation of a meeting only because of the exclusion of a member from the deliberations on a matter in which he or she disclosed a personal interest, the other members present may-

(a)

postpone the consideration of that matter until a quorum, without that member is realized; or

(b)

proceed to consider and decide the matter at a subsequent meeting.

6. Minutes of proceedings

(1)

The Board shall cause the minutes of all proceedings of its meetings to be recorded and kept, and the minutes of each meeting shall be confirmed by the Board at the next meeting and signed by the chairperson and the secretary to the board.

(2)

The Chairperson shall submit to the Minister a copy of the minutes of each meeting of the Board as soon as the minutes are confirmed.

7. Residual power of Board to regulate its proceedings

Subject to this Schedule, the Board shall regulate its proceedings and may make rules regarding the holding of meetings, notice to be given, the keeping of minutes or any other matter relating to its meetings.

About this Act

Full text of the Act

Part I

1. Interpretation

Part II

2. Establishment of Uganda Development Corporation

3. Objects of the Corporation

4. Functions of the Corporation

5. Corporation to follow Government policy

6. Board of the Corporation

7. Vacating office of member of the Board

8. Meetings of the Board

9. Remuneration of members of the Board

10. Committees of the Board

11. Cooperation with other agencies

Part III

12. Executive Director

13. Duties of the Executive Director

14. Corporation Secretary

15. Other officers and staff of the Corporation

16. Protection of members of the Board and officers of the Corporation

Part IV

17. Capital of the Corporation

18. Funds of the Corporation

19. Borrowing powers of Corporation

20. Power to open and operate bank accounts

21. Estimates of income and expenditure

22. Application of Corporation funds

23. Declaration of earnings

24. Investment of funds of the Corporation

25. Financial year of Corporation

26. Accounts

27. Audit

28. Industrial and Economic Development Fund

Part V

29. Official seal of Corporation

30. Annual and other reports

31. Confidentiality

32. Conflict of interest

33. Vesting of assets and liabilities

34. Employees

35. Amendment of Schedules

36. Regulations

1. Amber House Limited

2. Embassy House

3. Development House

4. Munyonyo Commonwealth Resort

5. Nile Hotel Limited

6. Phenix Logistics

7. Tri-Star Apparels Limited

1. Meetings of the Board

2. Quorum

3. Decisions of the Board

4. Decisions of the Board on certain matters

5. Disclosure of interest

6. Minutes of proceedings

7. Residual power of Board to regulate its proceedings