Veritas LEGAL Services

20/05/2020

The management of NSSF has issued a statement on the lingering issues around mid_ term benefits of its members. Based on this statement, it is now incumbent upon Parliament to pass the NSSF amendment bill to law. We will keep you updated on this matter.

25/04/2020

Why should we care about the Appropriation bill? We should care because this bill when passed into law is the basis for our National budget. How many is allocated for expenditure and how much of revenue has previously been collected.. lets keep watch!

Just in : Parliament has passed the Appropriation Bill 2020 at the bill’s third reading. This is the last stage of the Budget Process. The total budget for the budget of the financial year 2020/2021 is shs45.5 trillion covering recurrent, development and statutory expenditures.

08/04/2020

On 30th March 2020, the office of the Commissioner for Labour, Industrial Relations and Productivity, directed all employers to submit returns setting out particulars concerning number of employees, monthly salaries of the employees, national identification numbers and other conditions affecting the employment of all employees who have or are likely to be affected by the COVID-19 pandemic either through email: [email protected] or to the physical offices of the Commissioner Labour, Industrial Relations.



Our team has reviewed the relevant provisions of the Employment Act and advise that the office of the Commissioner is acting within its power to make such a request. Non compliance of such a directive may attract criminal sanctions, which carry either or both fines and short prison.

We remain available to help you meet this regulatory and compliance directive.

06/04/2020

Some good economic measures by BoU that are applicable to businesses with existing facilities from different supervised financial institutions in response to the CV19 pandemic.

We advise that you can quickly manage the risk of financial distress by contacting your bank and commence negotiations on how best to restructure your business loan facilities.

You can also contact us directly for further corporate or business support required in this regard.

Full Monteray policy statement for the month of April👇https://www.bou.or.ug/bou/bouwebsite/bouwebsitecontent/MonetaryPolicy/Monetary_Policy_Statements/MPS-April-2020-FINAL.pdf

04/03/2020

Did you Know?

The government has projected that our economy will grow by 6.2% in this financial year 2019/20, with agriculture, industry and services projected to grow at 3.8%, 5.6% and 7.8% respectively.

As a business- legal firm we want are passionate about your business acheiveing sustainable growth. We cater to all risk related to your business growth.

Contact us and expereince more than just legal solutions.
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03/03/2020

Our Managing Partner shares a light moment with the Chief Justice of the Republic of Uganda. Lord Justice Bart Katureebe. This was at the opening of the new law year 2020.
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