Subject to section 1022 of the Companies Act 2015, the Attorney General published the Companies (Beneficial Ownership Information) Regulations, 2020 through Legal Notice No 12 dated 18th February 2020. The Regulations require that all companies maintain a register of beneficial owners, which discloses the particulars of natural persons who own or control the company. The regulations…
Month: October 2020
De-registration of a business name is undertaken in the event of cessation of operations of the business to convert it to a limited company or in a bid to dissolve and wind up its operations. For limited companies, the de-registration is undertaken in the event that the entity wishes to cease its operations and have…
Limited Liability Partnerships (LLPs) in Kenya are governed by the Limited Liability Partnership Act, 2012 (“the Act”). They are defined as “Any part registered in the LLP Act”. An LLP is a form of a business organization hybrid between a traditional general partnership and a limited liability company. Establishment and Registration of LLPs The establishment…
Special Economic Zones which are governed by the Special Economic Zone Authority are set up as a means of realizing Vision 2030 and the Big 4 Agenda through creating a favourable business environment for investors within delineated special zones through integrated infrastructure facilities, removal of impediments to economic and business activities undertaken by SEZ Enterprises….