It is a proceeding by means of which a company is dissolved and in the course of such dissolution its assets are collected and its debts are paid off out of the assets of the company or from contributions by its members, if necessary. The formation and winding up of a company in kenya is governed by the company s act cap 486 of the laws of kenya. If the chapter is also available in rtf format, you may go straight to the download area at the bottom of the page to download and print the whole chapter rtf copy. The jomo kenyatta foundation was incorporated under the companies act, cap. We pride ourselves in serving a wide range of clientele comprising of both local and multinational companies and government ministries and agencies. Requirements for registration of limited companies in. This course is primarily concerned with companies as defined in the companies act, cap. 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. Here are the requirements for registration of limited companies cap 486 laws of kenya proposed name must be reserved pending registration name can only be reserved for thirty days. By comparison, the old companies act cap 486 had 406 sections covering 270 pages. The share capital of the company as at the date of the amendment of these articles is kenya shillings 10,008,150,008 divided into 179,578,600 ordinary shares of kenya shillings 5 each and 2,051,400 ordinary class a shares of kenya shillings 5 each and 123,478,388 redeemable. Selfhelp groups duly registered under the local authoritycounty government. The company legislation in kenya owes its origin to the english company law.
Limited liability partnership act kenya investment. It has been contracted by lake victoria south water services board lvswsb to provide water and sanitation services within the county government of kericho and its environs. Laws of kenya companies act chapter 486 revised edition 2012 2010 published by the national council for law reporting with the authority of the. Company registration in kenya like in many other functional jurisdictions and economies, the kenyan business environment is defined by a set of regulations. Guidelines to the companies act, 2015 state law office and. The company is 100% owned by the government and complies with the provisions of the state corporations act cap 446 of 1986.
The cooperative societies act cap 490 laws of kenya authorized auditors pursuant to section 25 of the cooperative societies act,and when read with rule 16 of the cooperative societies rules,2004,the commissioner for cooperative development gives. On registration of the required documents as provided under the companies general regulations, 2015, the registrar of companies is required to issue the company with certificate of incorporation. The cooperative societies act cap 490 laws of kenya authorized auditors pursuant to section 25 of the cooperative societies act,and when read with rule 16 of the cooperative societies rules,2004,the commissioner for cooperative development gives notice that the following firms have been duly. Incorporated in kenya under the companies act, chapter 486 registration number c. This edition contains amendments tothe finance act 2016 dated 20 september 2016 disclaimer while all reasonable care has been taken in the preparation and. Companies registered under the companies act cap 486 will continue under the act. The companies act cap 486 laws of kenya company limited by shares. Pegasus developers company ltd, is a company registered under the companies act cap 486 of the laws of kenya. The companies act the companies actchapter 486 of the laws. Treasury accountant job vivo energy nairobi job vacancies. The new companies act 2015 has come into operation in kenya. Nov 14, 2017 this course is primarily concerned with companies as defined in the companies act, cap. 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. Rentstate was issued a certificate of incorporation as proof of the registration.
These are companies which are formed and registered under that act. Sample article of association ecitizen gateway to all government. Laws of kenya records disposal act chapter 14 revised edition 2015 2012. Introduction a company is an artificial legal person created by complying with the legal provisions of the companies act, cap. The legal attributes of the word company will depend upon a particular. It is modeled from the british uk companies act of 1948. The kenya pipeline company limited is a state corporation established on 6th september, 1973 under the companies act cap 486 of the laws of kenya and started commercial operations in. Pleng limited is incorporated under the companies act cap. Winding up, means a process of putting an end to the life of a company. Purchased annuities other than retirement annuities, etc. The law of business associations section 2 1 of the companies act cap 486 laws of kenya states what company means as a company formed and registered under this act or an existing company. The companies act an act to regulate trading companies and other associations, to impose tax on nominal capital, to regulate dividends and surpluses, and to provide for related matters. A copy of this information memorandum has been filed with the registrar of companies in accordance with the companies act chapter 486 of the laws of kenya. Bomet water is corporated company limited by shares and was incorporated on 18th june 20 under the companies act cap 486, laws of kenya the objectives of the company are broadly formulated in the memorandum and articles of association to cover a wide range of activities directly related and associated with the.
Dafina consultants limited dcl is a private company registered in accordance with the laws of the republic of kenya the companies act cap. Prior to the enactment of the insolvency act, corporate insolvency was dealt with under the windingup provisions of the companies actcap 486 of the laws of kenya the companies act while the insolvency of natural persons was covered in the bankruptcy act of kenyacap 53 of the laws of kenya the bankruptcy act. About nakuru water and sanitation services company ltd. May 05, 2014 here are the requirements for registration of limited companies cap 486 laws of kenya proposed name must be reserved pending registration name can only be reserved for thirty days. Kewasco is a private limited company established under the companys act cap 486, laws of kenya and it is wholly owned by the county government of kericho. We are the exclusive agents for intentec elevators in east africa. The companies act of kenya which came into force on 1 st. A point many would say relates from the lack of codification of common law principles into the companies act, cap 486 laws of kenya. Requirements for registration of limited companies in kenya. On september 11, 2015, the president assented to the companies act, 2015, which repeals the 1948 companies act cap 486. Centum investment company limited incorporated in kenya under the companies act chapter 486, laws of kenya registration number c. Formation of companies in kenya pandora services facebook. Laws of kenya records disposal act chapter 14 revised edition 2015 2012 published by the national council for law reporting with the authority of the attorneygeneral.
Take notethat any documents prepared under the old companies act cap 486 should be lodged with the registrar, on or before 31. The new act repeals the companies act cap 486 which is a precolonial law made in 1948. The companies act the companies actchapter 486 of the. Admissions kilifi county alliance a public benefit. Limited liability partnership act kenya investment authority. The company law regime that existed a few years ago in kenya was based on the 1948 uk act. Kenya was largely regulated by the companies act chapter 486. Part iii sections 2032 this part makes further provision for a companys constitution i. Pegasus developers completed emmarentia apartments phase 1, a project consisting 30 apartments of 20, 3 bedroom and 10, 2 bedroom apartments in december 2016.
Shadewinds ltd is a private limited company incorporated under companies act 2015 formerly 1948 companies act cap 486 in kenya. 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. This is a very vague definition, in the statute the word company is not a legal term hence the vagueness of the definition. 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. Conflict of interestbill2019 templateforamendingthedraftcoibill2019 companies regulations movable property security rights act, 2017 companies regulations private. Although quite voluminous, the act takes into consideration, developments in technology and procedure, to. Sep 18, 2016 11 th september 2015 must have been an exciting day for the corporate world as it is the day our president assented to the companies act, 2015 which repeals the 1948 companies act cap 486 the new companies act, 2015 and the insolvency act, 2015 represent a transition to modern company and insolvency laws, which has been long overdue. Companies act cap 486 of the laws of kenya pdf laws of kenya companies act chapter revised edition published by the national council for law reporting with the authority of the. The objects for which the association is established are. Winding up under insolvency act, 2015 the lex jotter. Some companies are formed under specific acts of parliament. The set of regulations requiring legitimate companies and sole proprietorship to be legally registered are contained in the companies act cap 486 of the laws of kenya. Accounts assistant job vacancy at tharaka university 2020. Incorporated in kenya under the companies act, chapter 486.
The name of the association is african securities exchanges association. Click the button below to download the form from this website. The kenya pipeline company limited is a state corporation established on 6th september, 1973 under the companies act cap 486 of the laws of kenya and started commercial operations in 1978. When registered, a company will have perpetual succession irrespective of its membership. Chapter 212 the companies act an act to regulate trading. The single member company the companies bill 2010, was passed into law on 12th september 2015 by the president. The county government of nakuru is the sole shareholder. The initial working capital was sourced from various donors. It is an association of a number of individuals formed for some common object. Chase bank kenya limited incorporated in kenya under the. Guidelines to the companies act, 2015 state law office. The kenya pipeline company limited kpc was incorporated in 1973 under the companys act cap 486 of the laws of kenya and started commercial operations in 1978. Allotment of shares and debentures to be dealt in on stock exchange. The regulations contained in part 1 of table a in the first schedule of the companies act such table being hereinafter referred to as the act shall apply to the company save in so far as they are excluded or varied.
Nakuru water and sanitation services company ltd nawassco is a corporate entity incorporated in september 2003 under the companies act cap 486 of the laws of kenya. Although quite voluminous, the act takes into consideration, developments in technology and procedure, to boost the ease of doing business. You may refer to the faq page for further information on printing. Centum investment company limited incorporated in kenya under. It now takes a shorter time to complete the registration. The formation and winding up of a company in kenya is governed by the companys act cap 486 of the laws of kenya. Published by the national council for law reporting with the authority of. Conflict of interest bill call for public participation, we are calling for comments on the conflict of interest bill, which should be forwarded by mail to ms.
There are companies incorporated otherwise than under the companies act. Rentstate was incorporated under the companies act cap 486 as a limited company on the 15th day of august 2014 under the laws of kenya. Interpretation in this act, except where the context otherwise requires agricultural produce means any produce or article produced or obtained by the work or industry of members of a cooperative society or marketed by a cooperative society, whether the produce be of agriculture. Type of companies under the kenyan companies act 2015. Sample articles of association the companies act cap 486 laws of kenya company limited by shares. Application for reservation should be made in writing and be accompanied with the requisite fee. This act may be cited as the cooperative societies act. Laws of kenya companies act chapter 486 revised edition 2012 2010 published by the national council for law reporting with the authority of the attorneygeneral. Jobs in kenya 2020 latest job vacancies in kenya my jobmag. Such documents must be dated before the commencement of the regulations. It is an exciting time for the business community in kenya. Current as of june 2019 download print version in pdf this section describes the legal framework of nonprofit organizations also known as nongovernmental organizations or ngos in kenya, along with translations of legislative provisions relevant for a foundation or advisor undertaking an equivalency determination of a foreign grantee under irs revenue procedure 9294. Ascertainment of income of insurance companies 59 19a cooperative societies 63 20.
Silver resources intl is a private company registered in accordance with the laws of the republic of kenya the companies act cap. The companies act chapter 486 of the laws of kenya private company limited by shares articles of association of ceslin construction company limited preliminary 1. Downloads state law office and department of justice. Summary of the companies act 2015 commencement capita. Private andor public companies duly registered under the companies act, cap 486 laws of kenya. Only companies are affected by enactment of the companies act 2015. The ultra vires doctrine with regard to the memorandum of association regarding objects, in the kenyan context, the essence of the doctrine remains largely undiluted. Kenya shillings ten billion kes 10,000,000,000 subordinated multicurrency medium term note programme this information memorandum is issued in compliance with all applicable laws including the companies act cap 486, the capital markets act cap 485a and the nairobi securities exchange listing manual.