| SERVICE | DETAILS | COSTS (Ugx) |
|---|---|---|
| Application for Registration of Insolvency Practitioner | Requirements • Application Form- Form 1-Insolvency Practitioners Regulations, 2017 Supported by | 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 | COSTS |
| 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: – 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) RECIEVERSHIP | ||
| Service | Statutory Requirements | Cost (Ugx) |
| Recievership | 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) ADMINSTRATION | ||
| Service | Statutory Requirements | Cost (Ugx) |
| 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 | |
| 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 | |
| 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 |