Uganda Cement Corporation Act

UGANDA CEMENT CORPORATION ACT. ARRANGEMENT OF SECTIONS Section INTERPRETATION. 1. Interpretation. ESTABLISHMENT AND FUNCTIONS OF THE CORPORATION. 2. Establishment and seal of the corporation. 3. Functions of the corporation. THE BOARD. 4. Board of the corporation. 5. Meetings of the board. 6. Remuneration of board members, etc. STAFF. 7. General manager. 8. Staff of the corporation. FINANCIAL PROVISIONS. 9. Funds of the corporation. 10. Borrowing powers. 11. Estimates. 12. Corporation to operate on sound financial principles. 13. Investments. 14. Accounts and audit. MISCELLANEOUS PROVISIONS. 15. Transfer of property. 16. Minister's power of direction. 17. Annual reports. 18. Regulations. 19. Byelaws. Schedule Specified companies. CHAPTER 324 UGANDA CEMENT CORPORATION ACT. Commencement : 25 November, 1974. An Act to establish a cement corporation for Uganda and to provide for other matters connected therewith or incidental thereto. INTERPRETATION. 1. Interpretation.

tablish a cement corporation for Uganda and to provide for other matters connected therewith or incidental thereto. INTERPRETATION. 1. Interpretation.

In this Act, unless the context otherwise requires— ( a ) "chairperson" means the chairperson of the board appointed under section 4; ( b ) "custodian board" means the Departed Asians' Property Custodian Board established by the Assets of Departed Asians Act; ( c ) "Minister" means the Minister responsible for industry. ESTABLISHMENT AND FUNCTIONS OF THE CORPORATION. 2. Establishment and seal of the corporation. (1) There is established a corporation to be known as the Uganda Cement Corporation. (2) The corporation shall have perpetual succession and a common seal, and may sue or be sued in its corporate name, and may, in connection with the purposes of this Act, purchase, hold, manage and dispose of any property, and enter into such contracts, as may be necessary or expedient. (3) The application of the seal of the corporation shall be authenticated by the signatures of the chairperson, the general manager and a member of the board designated in that behalf by the board.

ion shall be authenticated by the signatures of the chairperson, the general manager and a member of the board designated in that behalf by the board.

(4) In the absence of the chairperson, two other members may be appointed by the board to sign in his or her place, and any person performing the functions of the general manager may sign in the absence of the general manager. (5) Every document purporting to be an instrument issued by the board and to be sealed with the seal of the board authenticated in the manner provided by this section shall be received and be deemed to be such an instrument without further proof unless the contrary is shown. 3. Functions of the corporation. (1) The function of the corporation shall be to promote the cement industry in Uganda.

unless the contrary is shown. 3. Functions of the corporation. (1) The function of the corporation shall be to promote the cement industry in Uganda.

(2) Without prejudice to the generality of subsection (1), the corporation may, in the performance of its function under this Act, do any or all of the following— ( a ) establish cement works or factories; ( b ) acquire shareholdings in any undertaking for the production of cement; ( c ) organise and control the management and staff of any company specified in the Schedule to this Act, hereafter referred to as a "specified company"; ( d ) distribute and market cement; ( e ) and do such other things as are necessary or incidental to the effective performance of the foregoing functions of the corporation. (3) The power to organise and control the management of the specified companies shall include the power— ( a ) to supervise and, as far as possible, to coordinate the af This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article. Home | About Us |--> Terms & Conditions | Privacy Statement | Publishing Services | Contact Us Sitemap --> --> Copyright 2019. Blackhall Publishing. All Rights Reserved. Design and Developed By : Indiafin Technologies Ltd .