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. Although quite voluminous, the act takes into consideration, developments in technology and procedure, to. Pegasus developers company ltd, is a company registered under the companies act cap 486 of the laws of kenya. The companies act of kenya which came into force on 1 st. Laws of kenya companies act chapter 486 revised edition 2012 2010 published by the national council for law reporting with the authority of the. Guidelines to the companies act, 2015 state law office and. 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. The registered office of the association will be situate in kenya. Click the button below to download the form from this website. Centum investment company limited incorporated in kenya under. 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.
The objects for which the association is established are. 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. When registered, a company will have perpetual succession irrespective of its membership. This is a very vague definition, in the statute the word company is not a legal term hence the vagueness of the definition. 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. This edition contains amendments tothe finance act 2016 dated 20 september 2016 disclaimer while all reasonable care has been taken in the preparation and. 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. The companies act cap 486 laws of kenya company limited by shares. There are companies incorporated otherwise than under the companies act. 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.
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. Selfhelp groups duly registered under the local authoritycounty government. We pride ourselves in serving a wide range of clientele comprising of both local and multinational companies and government ministries and agencies. Kenya was largely regulated by the companies act chapter 486. It is an exciting time for the business community in kenya. 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 overall objective of setting up the company was to provide the kenyan economy with the most efficient, reliable, and safe and least cost means of transporting petroleum products. Guidelines to the companies act, 2015 state law office.
The companies act the companies actchapter 486 of the laws. Nov 14, 2017 this course is primarily concerned with companies as defined in the companies act, cap. Part iii sections 2032 this part makes further provision for a companys constitution i. 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. Dafina consultants limited dcl is a private company registered in accordance with the laws of the republic of kenya the companies act cap.
Pegasus developers completed emmarentia apartments phase 1, a project consisting 30 apartments of 20, 3 bedroom and 10, 2 bedroom apartments in december 2016. Application for reservation should be made in writing and be accompanied with the requisite fee. It is modeled from the british uk companies act of 1948. The county government of nakuru is the sole shareholder. Take notethat any documents prepared under the old companies act cap 486 should be lodged with the registrar, on or before 31. The initial working capital was sourced from various donors. On september 11, 2015, the president assented to the companies act, 2015, which repeals the 1948 companies act cap 486.
The jomo kenyatta foundation was incorporated under the companies act, cap. Only companies are affected by enactment of the companies act 2015. Companies registered under the companies act cap 486 will continue under the act. 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. Shadewinds ltd is a private limited company incorporated under companies act 2015 formerly 1948 companies act cap 486 in kenya. Type of companies under the kenyan companies act 2015. Purchased annuities other than retirement annuities, etc. Sample article of association ecitizen gateway to all government.
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. 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. We are the exclusive agents for intentec elevators in east africa. Published by the national council for law reporting with the authority of. 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. The single member company the companies bill 2010, was passed into law on 12th september 2015 by the president. The legal attributes of the word company will depend upon a particular. Rentstate was issued a certificate of incorporation as proof of the registration. 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. Introduction a company is an artificial legal person created by complying with the legal provisions of the companies act, cap. Admissions kilifi county alliance a public benefit. The new act repeals the companies act cap 486 which is a precolonial law made in 1948. Summary of the companies act 2015 commencement capita.
Winding up, means a process of putting an end to the life of a company. Ascertainment of income of insurance companies 59 19a cooperative societies 63 20. The company law regime that existed a few years ago in kenya was based on the 1948 uk act. This act may be cited as the cooperative societies act. 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. Downloads state law office and department of justice. Conflict of interestbill2019 templateforamendingthedraftcoibill2019 companies regulations movable property security rights act, 2017 companies regulations private. The name of the association is african securities exchanges association.
Company registration in kenya like in many other functional jurisdictions and economies, the kenyan business environment is defined by a set of regulations. 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. The formation and winding up of a company in kenya is governed by the companys act cap 486 of the laws of kenya. 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 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 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. Winding up under insolvency act, 2015 the lex jotter. 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. Chase bank kenya limited incorporated in kenya under the. Pleng limited is incorporated under the companies act cap. A point many would say relates from the lack of codification of common law principles into the companies act, cap 486 laws of kenya. By comparison, the old companies act cap 486 had 406 sections covering 270 pages. Allotment of shares and debentures to be dealt in on stock exchange.
The companies act the companies actchapter 486 of the. You may refer to the faq page for further information on printing. 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. Treasury accountant job vivo energy nairobi job vacancies. 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. Sample articles of association the companies act cap 486 laws of kenya company limited by shares. Formation of companies in kenya pandora services facebook. 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. The company is 100% owned by the government and complies with the provisions of the state corporations act cap 446 of 1986.
Laws of kenya records disposal act chapter 14 revised edition 2015 2012. 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. Accounts assistant job vacancy at tharaka university 2020. Some companies are formed under specific acts of parliament.
About nakuru water and sanitation services company ltd. The formation and winding up of a company in kenya is governed by the company s act cap 486 of the laws of kenya. Incorporated in kenya under the companies act, chapter 486. 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. Silver resources intl is a private company registered in accordance with the laws of the republic of kenya the companies act cap. 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. Such documents must be dated before the commencement of the regulations. Although quite voluminous, the act takes into consideration, developments in technology and procedure, to boost the ease of doing business. Chapter 212 the companies act an act to regulate trading. Requirements for registration of limited companies in. 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.
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. It is an association of a number of individuals formed for some common object. 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. These are companies which are formed and registered under that act. Limited liability partnership act kenya investment authority. 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.
Centum investment company limited incorporated in kenya under the companies act chapter 486, laws of kenya registration number c. Requirements for registration of limited companies in kenya. The company legislation in kenya owes its origin to the english company law. 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. Private andor public companies duly registered under the companies act, cap 486 laws of kenya. Incorporated in kenya under the companies act, chapter 486 registration number c. Limited liability partnership act kenya investment. It now takes a shorter time to complete the registration. 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. The new companies act 2015 has come into operation in kenya. 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. 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.
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