An act of parliament to provide for the disposal of records in the custody of the high court or of the registrargeneral act no. This act may be cited as the as the kenya citizenship and immigration act, 2011. Cr 12 kenya a cr 12 is an official and legal confirmation or certificate by the registrar of companies in kenya indicating the details and the directors and shareholders of a company. 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. Jan 11, 2020 business name search and registration in kenya nowadays takes less than 10 minutes. Companies act 2006, section 178 is up to date with all changes known to be in force on or before 22 april 2020. Published by the national council for law reporting with the authority of.
Companies act, 2015, the attorney general makes the following. Interpretation 1 in this act, unless the context otherwise requires application means a request in a prescribed form made under this act. Legal alert kenya new companies act alert series company. Board means the kenya citizens and foreign nationals management. Company registration in kenya done faster and cheaply. Companies registry brs business registration service. The companies act cap 486 laws of kenya company limited by shares. For the kenyan companies act reporting purposes, in these financial statements, the balance sheet is represented by is equivalent to the statement of financial position and the profit and loss account is presented in the statement of profit or loss and other comprehensive income. Starting october 15th 2017, the company registry under attorney general requires all applicants to request for a business name online.
This allows the company to obtain trading licenses from local authorities and the ministry of industrialization and trade development. Certified bank statements with a bank referral letter covering at least the last three months. A company is a business organisation which earns income by the production or sale of goods or services. These are companies which are formed and registered under that act. Mini auction for reoffers scheduled to take place on 29th january 2020 at customs warehouse kilindini. Fill a form of transfer of shares that is filled and signed by all the concerned parties. The registered office of the association will be situate in kenya. Kenya food and agricultural import regulations and standards. I will show you how to register a business in kenya online on ecitizen platform. The registrar of companies issues a certificate of compliance that certifies that the requirements of the kenyan companies act have been fulfilled. The kenya business guide kbg is a thinktank that seeks to support the improvement and strengthening of the business environment in kenya by providing access to information on key features of both the private and public sector prerequisites in the effective functioning of business. Definition of the act for the purposes of these regulations 3. Provisions supplementing definitions of parent undertaking and subsidiary undertaking part iicompanies and company. The companies act 2015 the act is amongst a suite of new laws intended to streamline business in kenya, by making it easier for entities to.
In regard to the punishment for the offense of piracy, the kenyan merchant shipping act stipulates. The survey seeks to identify kenyas fastest growing medium sized companies in order to showcase business excellence and highlight some of the countrys most successful entrepreneurship stories. Kenya company law is that body of rules which regulates corporations formed under the kenya companies act. In addition, it confirms that the companys records exist at the company registry and the same is. Summary of the companies act 2015 commencement capita. What is cr 12 in kenya, cr 12 kenya or cr 12 certificate. Type of companies under the kenyan companies act 2015.
Kenyas regulatory system for food and agricultural imports is multisectorial and embodied in various statutes that are implemented by several government departments and regulatory agencies. There are changes that may be brought into force at a future date. Part h companies and company formation division 1 types of companies 5 limited companies. The companies act 2015 introduces a number of key changes to company directors. Download online companies, societies, registration forms. The regulations contained in table a of part i in the first schedule to the companies act such table being hereinafter called table a shall not apply to the company except so far as expressly incorporated herein. The economy of kenya is the largest by gdp in east and central africa. The capital, nairobi, is a regional commercial hub. Safe hands kenya is a missiondriven coalition of kenyan companies deploying free hand sanitiser, soap, face masks and surface disinfectants to all kenyans, as a first line of defence against covid19. Mar 19, 2017 download any of the above listed business documents in kenya form in this site. Registrar of companies state law office and department of. Prior to this version organisation insolvency was mostly dealt under the windingup provisions of the companies act cap.
Notice of change of directors particulars section 8 of the companies act, 2015. The companies act 2015 the act is amongst a suite of new laws intended to streamline business in kenya, by making it easier for entities to establish a presence and operate. This cover letter must be well written and formatted clearly. Promoters promotion of a company is concerned with taking the steps necessary for incorporation. The name of the association is african securities exchanges association. This is to act as a proof of financial stability during your stay in denmark. The set of regulations required by registrar of companies for company incorporation in kenya or in other words company formation in kenya for public, private and foreign company registration in kenya and sole proprietorship be legally registered are contained in the new companies act 2015 of the laws of kenya. Kenya shilling 1 each redeemable preference share will also receive a dividend of kenya shilling 1.
Business registrations service act is also to establish a new brs service across the country for new business setups. In the longterm, the kenya corporate tax rate is projected to trend around 30. There are companies incorporated otherwise than under the companies act. Kenya is a country in africa and a founding member of the east african community eac.
A company limited by guarantee under the kenyan companies act 2015 i must be incorporated without a share capital. The current companies act, cap 486, allows the incorporation of both public and private unlimited companies by virtue definition and also reregistration of an unlimited company as a limited company. To begin with, the act makes it possible to form a singlemember company. Jul 05, 2018 according to the insolvency act, 2015 it has been noticed that insolvency of the individual and that of the corporate body should be handled in light of the new act ongore, 2011. However, in most cases companies limited by guarantee are incorporated without share capital.
Corporate tax rate in kenya is expected to reach 30. The objects for which the association is established are. Although quite voluminous, the act takes into consideration, developments in technology and procedure, to boost the ease of doing business. Published by the national council for law reporting with the authority of the attorney general. Sep 16, 2015 to add or remove a director of a limited company in kenya, the following steps must be followed. Laws of kenya income tax act chapter 470 revised edition 2018 2012 published by the national council for law reporting with the authority of the attorneygeneral.
Only public companies can have their shares listed on the stock exchange but public companies are regulated much more strictly than private companies. Companiesregulations companiesregulations other companies cr16noticeofchangeoflocationofcompanysregisteredoffice crnoticeofcessationofofficeofsecretary cr18applicationbycompanytohaveitsnamestruckofftheregister cr11noticeofchangeofsecretarysparticularsotherthanaddress cr15noticeofchangeofnamebymeansprovidedforinacompanysarticles. This entry also covers rules by which partnerships and trusts are governed in kenya, together with albeit in less detail cooperatives. Download any of the above listed business documents in kenya form in this site. On september 11, 2015, the president assented to the companies act, 2015, which repeals the 1948 companies act cap 486. The salient features of the kenya insolvency act, 2015 from a. Nov 14, 2017 the companies act, 2015 section 3 defines a company to mean a company formed and registered under this act or an existing company. In legal theory the word company demands an association of a member of persons who come together for some common object or objects. Jan 23, 2020 click here to download the list of approved insurance companies in nairobi. A company limited by guarantee may be a private company or a public company. Definition of expressions used in these articles 1 in these articles a the act means the companies act, 2015. See section 1 3 and 4 arrangement of sections section part ipreliminary i short title and commencement. How to add or remove a limited company director in kenya.
Section i on 15th september, 2015 all other provisions. It is an exciting time for the business community in kenya. How to start your business in kenya changes from the old procedures after implementing of the the companies act 2015 submission of a unified application form at huduma centers one stop shop single collection of certificate of incorporation, kra pin, nssf. Download online companies, societies, registration forms in. Memorandum of full or partial satisfaction of charge over companys assets section 887 of the companies act, 2015 annual return section 705 of the companies act, 2015 notice of application to the high court for cancellation of a special resolution by a public company to convert to a private company xli section 79 of the companies act. Changes that have been made appear in the content and are referenced with annotations. Kenyas top 100 midsized companies survey top 100 survey is an initiative of kpmg kenya and nation media group. The new companies act 2015 has come into operation in kenya.
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