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…

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…

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…