Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“This section provides definitions for "board", "board of directors", "chairperson", "financial year", and "Minister".”
This section provides definitions for "board", "board of directors", "chairperson", "financial year", and "Minister". The board of directors must hold meetings at times and places the chairperson may appoint and at least once every three months; the chairperson must convene a meeting within fourteen days if at least five members request it in writing; six members form a quorum; questions are decided by majority of members present and voting; members with pecuniary interests must disclose them at meetings; the board may make procedural rules by resolution. Establishes the Uganda Export Promotion Board and states that the board is a body corporate with perpetual succession and a common seal; the board may sue or be sued, may borrow money and deal with property, and may perform other lawful corporate acts. The board must have a common seal; the executive director must keep the seal in their custody; if the chairperson is absent, two other board members must sign for the chairperson. The board must facilitate the development, promotion and coordination of export-related activities to achieve sustainable export growth.
02
How the instrument operates
- 01
Start with the recorded version
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- 02
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
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03
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This section provides definitions for "board", "board of directors", "chairperson", "financial year", and "Minister".
Section 1
The board must facilitate the development, promotion and coordination of export-related activities to achieve sustainable export growth.
Section 4
The board of directors must carry out several responsibilities including overseeing policy implementation, approving budgets and reports, monitoring performance, setting financial and personnel procedures, and appointing senior staff.
Section 8
Sets what makes up the board's funds (including a levy up to 0.5% on designated imports, parliamentary appropriations, fees, borrowed money and other monies) and allows the board to operate its own bank accounts in domestic and foreign currencies.
Section 12
The Minister may make regulations, after consultation with the board, to carry the provisions of the Act into effect.
Section 16
04
Source and current-law status
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The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.