Date of promulgation:
2006 No. 62
THE STAMPS (EXEMPTION FROM STAMP DUTY) (BIDCO UGANDA LTD INCREASE OF SHARE CAPITAL AND FURTHER CHARGE) INSTRUMENT,
ARRANGEMENT OF REGULATIONS.
- Remission of stamp duty.
STATUTORY INSTRUMENTS 2006 No. 62.
The Stamps (Exemption from Stamp Duty) (Bidco Uganda Ltd Increase of Share Capital and Further Charge) Instrument, 2006.
(Under section 10 of the Stamps Act, Cap. 342).
In exercise of the powers conferred on the Minister responsible for finance by section 10 of the Stamps Act, this Instrument is made this 14th day of September, 2006.
This Instrument may be cited as the Stamps (Exemption from Stamp Duty) (Bidco Uganda Ltd Increase of Share Capital and Further Charge) Instrument, 2006.
- Remission of stamp duty
The stamp duty chargeable under the provisions of section 3 of the Act on the instruments specified in the schedule and payable by Bidco Uganda Limited is exempted.
- Increase of share capital from nine billion shillings to thirteen billion shillings.
- Further charge between Bidco Uganda Limited, Barclays Bank of Uganda Limited and Barclays Bank of Kenya Limited on LRV 3237 Folio 2 Plot M. 152 Jinja as security for an “overdraft” facility of United States Dollars six million only.
FRED JACHAN OMACH, Minister of State for Finance, Planning and Economic Development (General Duties) also holding the portfolio of Minister of Finance, Planning and Economic Development.