Join us for a twitter chat on November 9, 2016 on AGPO Compliance and opportunities hosted by @maramentor_ke and @capitakenya. In this twitter chat we will discuss the requirements for registration with AGPO which are; Registration of a company- you will require a business registration/incorporation certificate. 70% of the shareholding must be held by youth,…
YAGPO – COMPLIANCE & OPPORTUNITIES TWITTER CHAT
Join us for a twitter chat on November 9, 2016 on AGPO Compliance and opportunities hosted by @maramentor_ke and @capitakenya. In this twitter chat we will discuss the requirements for registration with AGPO which are; Registration of a company- you will require a business registration/incorporation certificate. 70% of the shareholding must be held by youth,…
Penalties and Offences under the new Companies Act, 2015
This is a summary of the penalties and offences that officers of the companies will be liable under the new Kenyan Companies Act 2015. Please note and read carefully. Section Compliance Requirement Timelines Penalty on failure to comply 24 Filing a copy of the amended articles of association to be filed to the Registrar from…
Names approved for registration of a company in Kenya
The new Kenyan Companies Regulations 2015 gazetted on November 18, 2015 puts down the requirements for a name to be approved for registration of a company in Kenya. See the criteria below as set out in Regulation 11 & 12 of the new Regulations. Regulation 11 states that The name of a company may not…
You can now register a sole shareholder and director company in Kenya
In a follow up to this post https://capitaregistrars.co.ke/summary-of-the-companies-act-2015-commencement/, the registrar has issued new guidelines to the commencement of the Companies Act, 2015. These guidelines can be found at the Attorney General’s website http://www.attorney-general.go.ke/index.php/companys-q-a/. We have reproduced the guidelines below as follows; GUIDELINES TO THE COMPANIES ACT, 2015 REGISTRATION The new Companies Act 2015 has been…
Summary of the Companies Act 2015 (commencement)
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…
Type of companies under the Kenyan Companies Act 2015
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…
Duties of the Board of Directors under the Kenyan Companies Act 2015
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…
OVERVIEW OF THE KENYAN BUSINESS REGISTRATION SERVICES ACT, 2015
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…
Registration of a Microfinance Bank in Kenya
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…