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  • • Enter citations: 45, 45(3)(a), 45:3:a
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Section 302: Directors and officers committing fraud against their company

302.Fraudulent offences by directors and officers of corporations or companies

Any person who—

(a)being a director or an officer of a corporation or company, receives or possesses himself or herself as director or officer of any of the property of the corporation or company otherwise than in payment of a just debt or demand, and with intent to defraud, omits either to make a full and true entry of the property in the books and accounts of the corporation or company, or to cause or direct such an entry to be made in them; or

(b)being a director, officer or member of a corporation or company, does any of the following acts with intent to defraud—

(i)destroys, alters, mutilates or falsifies any book, document, valuable security or account, which belongs to the corporation or company, or any entry in the book, document or account, or is privy to any such act;

(ii)makes or is privy to making, any false entry in any book, document or account; or

(iii)omits, or is privy to omitting, any material particular from any book, document or account,

commits a felony and is liable, on conviction, to imprisonment for a term of seven years.

Plain English Summary

You are a director or officer of a company and you must not take company property for yourself unless it is payment of a genuine debt. If you receive ...

AI-generated, for reference only.

🔍Search Tips
  • • Search by keyword: "land", "tax", "arrest"
  • • Use exact phrases: "land commission"
  • • Enter citations: 45, 45(3)(a), 45:3:a
  • • Press / to search, Esc to close

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