Legal Haste

BUSINESS FORMATION| INTELLECTUAL PROPERTY| TAX & COMPLIANCE| PROPERTY & PERSONAL

[Legal Haste @LegalHaste]

Annual Return is a return made at least once at least in every year with respect to
i.the registered office of the company,
ii.registers of members and debenture holders,
iii.shares and debentures
iv.indebtedness.
v.past and present members and
vi.directors & secretary

[Legal Haste @LegalHaste]

What is the penalty for non-compliance to in the specified time (42 days)?

A that company fails to complete annual return within 42 days from Annual General meeting, is liable to a fine of 500,000/-

[Legal Haste @LegalHaste]

When should Annual Return fling be completed?

The annual return shall be completed within 42 ( days after the Annual General Meeting for the year.

It does not matter whether or not that meeting is the first or only ordinary general meeting.

[Legal Haste @LegalHaste]

Annual Returns:
Penalty of Non-compliance to filing annual Returns by Ltd by Guarantee-a company that fails to file annual returns in the specified time is liable to a default fine of 500,000/-

[Legal Haste @LegalHaste]

3/3
iv.particulars of persons who at date of the return are the directors of the company and the secretary of the company
https://t.co/WYZVMbR5PF what extent the company has complied with the principles of good corporate governance

[Legal Haste @LegalHaste]

2/3
iii.where any register of holders of debentures of a company or any duplicate of the register or part of the register is kept in Uganda

[Legal Haste @LegalHaste]

Annual Return (by a company not having a share capital): is a return made at least once a every calendar year stating—
i.the situation of the registered office the registered postal address of the company;
ii.where the register of members is kept...

[Legal Haste @LegalHaste]

Penalty for Non-compliance to Filing Annual Returns by Company limited by shares is 500,000/-

[Legal Haste @LegalHaste]

“Charge”under the Companies Act 2012 is a security for the payment of a debt or performance of an obligation where a creditor is entitled to receive payment out of some specific fund or out of the proceeds of the realization of specific property;

[Legal Haste @LegalHaste]

Don't cut corners or you'll lose quality. If you lose quality, you lose everything else.

[Legal Haste @LegalHaste]

5 ways to tell it's time to start a new business
1. Your gut tells you so
2. You have time and energy
3. You have a plan in place
4. You have the support you need
5. You really want it

[Oscar Wakisa @_owakisa]

Question: How are trusts terminated?

A trust may be terminated in the following ways.
• In accordance with its terms

• By the completion of the trust’s valid purpose

• By revocation by the settlor when allowed by the terms of the trust

#trusts
@_estateplanner

[Legal Haste @LegalHaste]

So if you this thread informative, why not share?

Retweet the first tweet to help others find this thread.

Join my friends and follow me @LegalHaste

Thank you for reading.

[Legal Haste @LegalHaste]

6 STEPS TO START A LIMITED LIABILITY COMPANY

Starting a limited liability company offers the owners protection than if they continued to operate as sole proprietors.

#incorporation
@LegalHaste

[Legal Haste @LegalHaste]

Ready to register your limited liability company?

Legal Haste can help you through the steps
DM or send us an email at [email protected] so we can help you start your business the right way. Or better still reach us on our Whatsapp no. [phone] for an inquiry