All companies registered with the Uganda Registration Services Bureau (URSB) are required to pre- pare and file Annual returns with URSB in accordance with Sections 132 and 133 of the Companies Act, 2012. Annual Returns show the changes that have been made in the company during the previous year, such as shareholding, membership, directorship and the company’s registered office, secretary, among others.
Companies are required to file this return within forty-two (42) days after the annual general meeting (AGM) for the year as per Section 134(1) of the Companies Act. An AGM must be held once a year and not more than fifteen months should elapse between the date of the last AGM and the next.
Notice issued by URSB
Recently, URSB issued a public notice requiring all companies to comply with their legal obligation to file all outstanding annual returns.
Requirements for filing returns
Before filing the return, there are requirements that must be submitted and pre-requisite fees that must be paid. The requirements and fees vary depending on the type of company whose return is be- ing filed. The requirements and fees are as follows:
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