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COMPANIES ACT CAP 486 OF THE LAWS OF KENYA PDF

LAWS OF KENYA COMPANIES ACT CHAPTER Revised Edition [ ] Published by the National Council for Law Reporting with the Authority of the. THE COMPANIES ACT. (CHAPTER OF THE LAWS OF KENYA). PRIVATE COMPANY LIMITED BY SHARES. MEMORANDUM OF ASSOCIATION. OF. 4 Jul The new Companies Act has been commenced. Government Printers, the Kenya Law Website – and the Office of Each form bears a reference to the Companies Act rather than the Cap

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This however does not apply to public limited companies considering those trading in the stock market as their membership constantly changes. One or more persons who wish to form a company may subscribe their names to the Memorandum of Association. Restriction on alteration of terms mentioned in prospectus or statement in lieu cmpanies prospectus.

Provisions applicable to every voluntary winding up Distribution of property of company Powers and duties of liquidator in voluntary winding up Power of court to appoint and remove liquidator in voluntary winding up Notice by liquidator of his appointment Arrangement when binding on creditors Power to apply to court to have questions determined or powers exercised Costs of voluntary winding up Saving for rights of creditors and contributories.

This Act may be cited as the Accountants Act. Due diligence is one of […].

Register of Directors Section of the Principal Act requires every company to keep a register of its directors aact shall be made available for inspection by the shareholders without charge or by others on payment of a fee.

Can a company have only one shareholder? Interpretation 8 Part 2: General Provisions with Respect to Memorandum and Articles Provisions as to applications for winding up Power of court on hearing petition Power to stay or restrain proceedings against company Qct of dispositions of property, etc.

GUIDELINES TO THE COMPANIES ACT, 2015

Only companies are affected by enactment of the Companies Act Every individual director has a duty to ensure that his or her decisions are in the best interests of the company of which they are a director.

Chapter 9 Public offers of securities, prevention of market abuse, etc. Articles of Association 9. How to file company annual returns in Section 2 of the Act has been amended to provide that minutes of each meeting of directors shall be kept by a company for at least 7 years was previously 10 years. Form of registers, etc. Provided that no part of the capital of the company shall be expended in any such purchase. This also applies to any person who was a director at the time the meeting was held and has since ceased being a director.

Winding Up by the. Effect of irregular allotment. Explanatory Notes to Sample A. This copy of the Companies Act has been updated for the convenience of users of this website to include subsequent amendments to the Act.

Statement of amount of capital subscribed and amount paid up. Copies of instruments creating charges to be kept by company Company s register of charges Right to inspect copies of instrument, creating charge, and company s register of charges.

Penalty for false statements Penalty for improper use of word limited Provision with respect to default fines and meaning of officer in default Production and inspection of books where offence suspected Cognizance of offences Application of fines Provisions relating to institution of criminal proceedings by the Attorney-General Saving for privileged communications.

Such documents must be dated before the commencement of the Regulations. Members severally liable for debts where business carried on with fewer than seven, or in case of private company, two members.

Any director of the company or its holding company who is involved in the arrangement or any person who is connected with a director at the company involved in the arrangement may be held liable to account to the company for any gain made and to indemnify the company for any loss or damage.

Saving, in case of reissued debentures, of rights of certain mortgagees. Company Registration in Kenya April 10, Written by admin. Expert s consent to issue of prospectus containing statement by him. In this Act, unless the context otherwise requires “accounting Short title 1.

COMPANIES ACT CHAPTER 486 LAWS OF KENYA

Where can I get a copy of the new Companies Act ? Power to order winding up subject to supervision Effect of petition for winding up subject to supervision Application of sections and to winding up subject to supervision Power of court to appoint or remove liquidators Effect of supervision order.

Categories News Updates Uncategorized. It acts as the reference date by which a company must prepare and file its Financial Statements. Requirements with respect to memorandum. Duty of company to register charges existing on property acquired.

COMPANIES ACT CHAPTER LAWS OF KENYA – PDF

Short title, extent and commencement. The above are the main amendments which have been effected on the Companies Act, Number 38 of Issue and effect of share warrants to bearer. Printing and signature of articles. Act 1 Companies Act.

Supplementary Provisions as to Winding Up In this Act, unless the context otherwise requires “accounting corporation” means a kwnya approved as an accounting corporation. Do I need to pay any registration fees? Duties of company with respect to issue of certificates.