Object of the Bill
The Object of this Bill is to amend the Insolvency Act, 2011 to provide for a creditors right to set off a debt subject to preferential debts, to repeal section 12 (2) of the Act, to empower the administrators and supervisors to avoid Transactions under Sections 15, 16, 17, 18 and 19 of the Act.
Bill Document
Other Attachments
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LPA3-22-Report on the Insolvency (Amendment) Bill, 2022.pdf
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Insolvency (Amendment) Act, 2022.pdf
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The Insolvency (Amendment) Bill, 2022
Sponsored By Hon. Kiryowa Kiwanuka (Attorney General)
Committee: The Committee on Legal and Parliamentary Affairs
Start
First Reading/Committee
Bill is still in its First stage.
Second Reading
The Bill is read for the second time in the floor of Parliament.
Third Reading
Parliament has passed the Bill.
Presentation/Waiting Assent
Bill is waiting to be assented to by the President.
Assented by President
Bill is now an Act of Parliament.
End
Bill passed on 2022-09-07
Bill is now an Act of Parliament.
Bill Withdrawn on