SUMMARY OF THE PROVISIONS OF THE COMPANIES ACT, 2015 THAT CAME INTO OPERATION ON 6TH DECEMBER 2015 The Companies Act, 2015 was assented by the President on 11th September 2015 with only Section 2 of the Act coming into operation on the date of gazettement on 15th September 2015. All other parts and sections were…
You are probably thinking about incorporating a Company in Kenya but something is still not clear to you on the type of Company that is best suited to meet or achieve your unique purpose. This article would help you figure out clearly as to which special purpose vehicle would fit your circumstances in both your…
The Companies Act, 2015 has introduced and codified the general common law duties and equitable principles of a director in the Act. The general duties however will continue to be applied and interpreted in the same way as the corresponding common law rules and equitable principles. This will act as a guide to the directors…
In a good measure to ensure Kenya is the most attractive business destination for investors, the President signed into law The Business Registration Services Act on 11th September 2015. The legislation is among other business laws aimed at easing the operation of businesses in Kenya. The Purpose of the Act The Act seeks to establish…
This is the procedure for registration of Microfinance Bank in Kenya. The steps to follow in applying for a microfinance bank licence are as shown below: Stage 1: Approval of Name a) Contact the Central Bank of Kenya at an early stage for a preliminary meeting to discuss licensing requirements and related issues. b) Propose…
It is common for Kenyan companies to expand into other East African countries like Uganda & Rwanda. Below we offer a procedure for carrying our registration of a trademark in Uganda. A trademark is a sign that is used to distinguish the goods and services offered by one undertaking from those of another. This may…
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