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Insolvency

The office of the official receiver is created by Section 198 of the insolvency Act, 2011. The Registrar General was appointed by the Minister of Justice and Constitutional Affairs as the Official Receiver and mainly deals with issues of individual and corporate insolvencies.

The Official Receiver under section 199 of the insolvency Act is mandated to:

  • Investigate the directors, shareholders, contributories and all present and past officers of an insolvent company or of a company which being wound up or liquidated, for the purpose of establishing any fraud or impropriety;
  • Investigate the promotion, formation, failure and conduct of business of an insolvent company;
  • Prosecute any person for offences committed under this Act or discovered to have a case to answer as a result of investigations carried out;
  • Investigate the conduct of insolvency practitioners and to prosecute them for any offences committed;
  • Act during a vacancy in the office of an insolvency practitioner: and
  • Take all necessary steps and actions considered fit by the official receiver to fulfill the provisions of this Act.

Insolvency Forms

Form Number Name Section Filling Duration
3 Annual Returns For Insolvency Practitioners Reg 15(2) N/A
35 Appointment of Special proxy Reg 207 N/A
34 Appointment of General Proxy Reg 207 N/A
32 Proof of debt of workers Reg 188 N/A
30 Proof of Debt Reg172(6) N/A
25 Notice of Liquidator's report Reg 131 N/A
20 Statement of affairs for companies Reg 106 N/A
11 Notice of meeting of creditors Reg 29,71 N/A
26 Return of final Account Reg 133 N/A
19 Petition for winding up of a company Reg 86 N/A
12 Notice of appointment Reg 35, 98,102,144 N/A
5 Notice of Intention to appear n petition Reg 15, 91,139 N/A
4 Notice of a Petition for bankruptcy/Insolvency Reg 13,89 N/A
1 Statutory Demand Reg 4(4) N/A
Declaration of Solvency s271 N/A
Insolvency Forms N/A N/A
28 Notice of Cessation of Business Reg.31 N/A
36 Notice of Winding up Order or Cmmencement of Voluntary Winding up Proceedings of a Foreign Company s254 (2) N/A
IF - 36 Return on performance of the Financial Credity or other Credit Facility Reg.76A, 149B(6) N/A
39 Statutory Declaration of Solvency Reg 41(2) N/A
CF 35 Notice of Special Resolution for Voluntary Winding Reg 39(1) N/A
CF 34 Notice of Cessation of Business of a Foreign Company in Uganda Reg 38 N/A

Insolvency

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Service Details Cost
Application for Registration of Insolvency Practitioner Requirements                                           
• Application Form- Form 1-Insolvency Practitioners Regulations, 2017       
Supported by                                            
• Certified copies of the qualifications of the person
 • Proof of membership of the professional body.                                                       
• Evidence of the professional indemnity 
•Evidence of a bank account for insolvency matters.                                             
•Proof of payment of fees                                               
• Any other document that the official receiver may require for purposes of compliance with the Act and Regulations		 150,000
Communication of decision on the application
Filing Annual Returns by Insolvency Practitioner Annual Returns for Insolvency Practitioners                                                   – Form 3 of Insolvency Practitioners Regulations, 2017 50,000
Search on Register Application to search on Insolvency Practitioners Register 20,000
Investigation and Prosecution
Service Details Cost
Investigation of Conduct of Insolvency Practitioners; Directors, Shareholders, Contributories of Insolvent Companies; Promotion, Formation, Failure and Conduct of Business of Insolvent Company A complaint, shall specify the: –               
• names and physical address of the person against whom the complaint is made;                                                       
• names and address of the complainant;                                            
• material particulars of complaint or allegation;                                                
• capacity of the person filing a complaint and                                          • time that the action arose                                                                                                           The Investigation report shall be made available within 60 days from the date of commencement of the investigation or at such a time as determined by the Official Receiver.
Winding Up of Companies
Service Statutory Requirements Cost (Ugx)
Members Voluntary Winding Up This is a procedure for solvent companies initiated by the company’s members and involves the orderly winding-up of the company’s affairs, the appointment of a liquidator to manage the process of realizing the company’s assets, ceasing or sale of its operations, payment of its debts (if any) and distribution of surplus assets
(if any) among its members.
Filing and Registration of Statutory Declaration of Solvency supported  by Statement of Assets and Liabilities (Form 20 Insolvency Regulations,2013) 50,000
Registration of Special Resolution for winding up and appointment of a liquidator 20,000
Within 14 days give public notice of special resolution to wind up and appointment of liquidator in the gazette and Newspaper Fees determined by UPPC and Newspaper of choice
Filing of copies of public notice of the special resolution of winding up and appointment of Liquidator. Free
Filing of any report required to be filed under the Act- Preliminary Report, Interim Report and Final Report 20,000
Creditors Voluntary Winding Up It is a procedure, instigated by an insolvent company, by which the assets of the insolvent company are sold, and the proceeds are distributed to the company’s creditors. At the end of the liquidation, the company is dissolved. The process is managed by a liquidator.  A company goes into CVL after its directors realize that its liabilities exceed its assets or it cannot pay its debts as they fall due and so the company cannot carry on its business.
Cause a meeting of the creditors of the company on the same day as the meeting for the resolution for Liquidation is to be proposed or on the following day.
Notice for the meeting of the creditors to be advertised in the gazette and newspaper of wide circulation. Fees determined by UPPC and Newspaper of choice
File copy of the notice in the gazette and newspaper. Free
Registration of Special Resolution for winding up and appointment of a liquidator 20,000
Within 14 days give public notice of special resolution to wind up and appointment of liquidator in the gazette and Newspaper Fees determined by UPPC and Newspaper of choice
Filing of a copy of public notice of the special resolution of winding up and appointment of Liquidator. Free
Filing of any report required to be filed under the Act- Preliminary Report, Interim Report and Final Report 20,000
Corporate Rescue
a) RECEIVERSHIP
Service Statutory Requirements Cost (Ugx)
Receivership Registration of Notice of appointment of a receiver. Form 12 of Schedule 1 of Insolvency Regulations.                      
*An appointed receiver should be a qualified insolvency practitioner.		 20,000
Within 14 days give public notice in the gazette and Newspaper Fees determined by UPPC and Newspaper of choice
Filing of copy of Public Notice of Receivership and Appointment of receiver Free
Filing of any report by the receiver (Filed within 5 days after preparation) 20,000
b) ADMINISTRATION
Service Statutory Requirements Cost (Ugx)
Administration Filing and registration of special Resolution agreeing that the company needs to make a settlement with the company creditors 20,000
Filing and registration of special Resolution appointing a provisional Administrator.                                           
*An appointed provisional administrator should be a qualified insolvency practitioner		 20,000
Notice of appointment of provisional administrator Form 12 of Schedule 1 of Insolvency Regulations 20,000
Filing of any report by the administrator every six months during the administration period. 20,000
SCHEDULE OF FEES
Insolvency Fees (Amendment) Regulations, 2024
FEES Fee (Ug. Shs)
On the filing of an order of public examination 25,000
Where the Official Receiver acts as a provisional liquidator or provisional administrator. 2,000,000 for every 30 days
Where the Official Receiver acts as a liquidator, administrator or receiver of an insolvent company.
2,000,000 for every 30 days
Where the Official Receiver acts as an interim receiver, trustee, special manager or supervisor of an individual debtor.
2,000,000 for every 30 days
Fees for registration of an insolvency practitioner 155,000
Filing annual returns by an insolvency practitioner 55,000
Filing statement of affairs for company 35,000
Filing a list of contributories 35,000
Filing with the Official Receiver any report  required  to be filed under the Act 55,000
Where the Official Receiver acts as an agent of a reciprocating state
2,000,000 for every 30 days
Search in the insolvency practitioners register 35,000