Part hcompanies and company formation division 1 types of companies 5 limited companies. Formation of companies in kenya pandora services facebook. Pacific petroleum limited is a privately owned company incorporated under the companies act cap. Companies registered under the companies act cap 486 will. Change looms with the new companies act sunday, october 4, 2015 14.
Companies registered under the companies act cap 486 will continue under the act. The front office at the company registry at sheria house. Sample article of association ecitizen gateway to all government. Share warrants are instruments under which a company grants a contractual right but not an obligation to subscribe for securities shares. Part iii sections 2032 this part makes further provision for a company s constitution i. Oct 04, 2015 the new companies act provides that a company can have one member.
Cap 486 is based largely on the united kingdoms companies act of 1948, which is very out of date with. Kirinyaga water and sanitation company is a water service provider company limited by guarantee and incorporated under the companies act cap 486 of the laws of kenya. Cretum properties limited is a leading real estate company incorporated in the republic of kenya under the companies act cap 486 laws of kenya. Mar 26, 2020 share warrants issued under the companies act, cap 486 old companies act no longer valid. Section 2 1 of the kenya company act cap 486 provides that a company means a company formed and registered under this act or an existing company. Existing company only means a company formed and registered under any of there pealed ordinances. Mycredit is a nonbank financial services company registered in kenya under the companies act cap 486 now repealed of the laws of kenya. Guidelines to the companies act, 2015 state law office and. Summary of the companies act 2015 commencement capita. 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. Windingup of companies was previously provided for under part vi of the companies act chapter 486 of the laws of kenya cap 486, while the insolvency of natural persons was covered in the bankruptcy act of kenya no. Guidelines to the companies act, 2015 state law office. With modest beginning, the company has come a long way starting its construction activity with small operations such as renovation of buildings and construction of residential buildings. The company law regime that existed a few years ago in kenya was based on the 1948 uk act.
It is an association of a number of individuals formed for some common object. Eco homes limited was incorporated in kenya in march 1, 2002 under the companies act cap 486 laws of kenya. On september 11, 2015, the president assented to the companies act, 2015, which repeals the 1948 companies act cap 486. Take notethat any documents prepared under the old companies act cap 486 should be lodged with the registrar, on or before 31. The company is 100% owned by the government and complies with the provisions of the state corporations act cap 446 of 1986. The name of the company is jubilee holdings limited. They are negotiable instruments and are transferable by delivery without registration of transfer. The companies acts 1948 to 1980 was the collective title of the companies act 1948, parts i and iii of the companies act 1967, the companies floating charges and receivers scotland act 1972, section 9 of the european communities act 1972, sections 1 to 4 of the stock exchange completion of bargains act 1976, section 9 of the insolvency. The new companies act 2015 has come into operation in kenya. When registered, a company will have perpetual succession irrespective of its membership. This act may be cited as the cooperative societies act. Sample articles of association the companies act cap 486 laws of kenya company limited by shares. Kenyan company law is heavily based on the principles of english company statute. Change looms with the new companies act business daily.
The other branch is at kajiado county, which carries. 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. Highlights of the business laws amendment act 2020, part 2. Part ii incorporation of companies and matters incidental thereto memorandum of association 4. By comparison, the old companies act cap 486 had 406 sections covering 270 pages. At 1,026 sections running to over 1,600 pages without schedules the new act is by far the most extensive piece of legislation on the statute books in kenya.
The companies act, 2015 was assented by the president on 11th september 2015. Only companies are affected by enactment of the companies act 2015. The companies act the companies actchapter 486 of the laws. 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. 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. Part iii sections 2032 this part makes further provision for a companys constitution i.
It is an exciting time for the business community in kenya. Companies in kenya companies act and company law in kenya. Companies in kenya are regulated and registered under the companies act cap 486 of the laws of kenya. A point many would say relates from the lack of codification of common law principles into the companies act, cap 486 laws of kenya. Published by the national council for law reporting with the authority of. Music copyright society of kenya is registered under the companies act cap 486 of the lawsof kenya as a company limited by guarantee. This is a private limited company registered under the companies act, cap 486 laws of kenya. The companies act cap 486 laws of kenya company limited by shares. Introduction a company is an artificial legal person created by complying with the legal provisions of the companies act, cap. Dgm kenya is part of the dangerous goods management group, a leading international organization acknowledged, as experts in dangerous goods and hazardous materials. The company was founded in 2012 when a group of investors saw it fit to pool together their resourcescapital, networks, knowledge and expertisein order to tap into some of the great opportunities.
It is modeled from the british uk companies act of 1948. The new companies act provides that a company can have one member. Kenya s companies act is based upon the english companies act of 1948, and hence there is a lot of similarity between kenyan law and english law in relation to companies. Bruce center of manpower training limited is one of the best leading manpower training companies in nairobi, kenya. Kenya introduces a new companies act and the insolvency act. Ethical trade services africa ltd is registered and incorporated in kenya under the companies act cap 486 as a limited company. Kiriwasco has been mandated through a service provision agreement spa to carry out water and sewerage services in both urban and rural areas of kirinyaga county. The registered office of the company will be situate in the republic of kenya.
We deliver high quality and innovative ethical trade assessments, and consultancy services to leading local and international companies in a number of african countries. We are registered and incorporated under companies act cap. Such documents must be dated before the commencement of the regulations. Dangerous goods management ltddgm kenya, is a company incorporated in the republic of kenya, in the year 2012, under the companies act, cap 486, as per the laws of kenya. This takes into consideration the governments intention to increase and facilitate entrepreneurial activity in kenya. Type of companies under the kenyan companies act 2015.
Afvest limited is a private company limited by shares formed under the 2008 kenya companies act chapter 486 of the laws of kenya cap 486. The registered office of the company will be situated in kenya at longonot place 5th floor, kijabe street. The new act has drawn heavily on the companies act, 2006 of the united kingdom. For the purposes of companies act of kenya the companies includes. Where all the partners in a firm are joint secretaries, the name and principal office of the firm may be stated.
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. It has branches in atlanta, georgia, which mainly acts as a link between the diaspora market and kenya. The company is licensed to procure and market petroleum products in the domestic kenyan market as well as for export to the neighboring east africa region in africa. Laws of kenya companies act chapter 486 revised edition 2012 2010 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. For the time being the old companies act, cap 486, will continue to operate until the corresponding or new provisions of the companies act, 2015 come into force through legal notices prepared by the cabinet secretary in the kenya gazette. We are a credit only finance company, we do not take deposits to finance our lending. 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. Provision for registration of charges over kenyan property of foreign company. It was formed in march 2011 and is located in nairobi, westlands, sports road, kipro center, 3rd floor. Incorporated outside kenya section 366 1 b and 366 2 name of company where incorporated address of place of business in kenya.
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