Beneficial Ownership Disclosure Requirements Operationalised

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…

Limited Liability Partnerships

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…

How to Register a Company in Kenya in the Special Economic Zone(SEZ)

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….

DUTIES OF A DIRECTOR

DUTIES OF A DIRECTOR According to the Oxford dictionary, a director is a person in charge of an activity, a project, an organization or a department. A director of a company, together with fellow/ other directors, are most often than not, referred to as a board of directors. A director has the responsibility of putting…

WHAT IS SHARE CAPITAL?

The nominal/authorized share capital of a company refers to the designated or assigned share capital of a company. The allotted share capital of a company denotes the amount of share capital that has been allotted by a company at any time. During formation of a company, the members ought to pay funds in respect to…