Educational Resources for All
This is the sale or purchase of company securities by or on behalf of a person whose relationship with the company is such that he is likely to have access to material information on the company not generally available to Read more
Corporate Insolvency in Kenya was previously governed under the Companies Act, CAP 486 Laws of Kenya. However in September 2015, the Insolvency Act regulates this feature of company law. Unlike the previous legislation, the Insolvency Act seeks to redeem insolvent Read more
Company Law: Introduction to Companies And Company Law The exact scope of company law is difficult to define, on account that the laws of Kenya do not define the term in testament to the words of Buckley J in Re: Read more
This is the legal process, by which a company’s existence is brought to an end, its assets realized, liabilities ascertained and paid and the balance, if any, fairly distributed amongst the members. It is the legal process by which a Read more
Registration of Foreign Companies Part XXXVIII of the Companies Act outlines the provisions that govern foreign companies in Kenya. Section 974 provides that a foreign company shall not carry on business in Kenya unless it is duly registered failing which Read more
Promotion is conducted by persons who come up with the idea to form a company. They are legally referred to as promoters. A promoter is a person who was a party to the preparation of the Company Prospectus or on Read more
Part VI of the Companies Act deals with the alteration of the status of companies. Section 69 provides that a company can convert itself as follows: a) From being a private company into being a public company; b) From being Read more
Neither the Companies Act defines the term meeting nor have Courts provided a legal definition of a meeting. They appear to have adopted the ordinary meaning of the term. In the words of Lord Coleridge in Sharp V Dawes (1876) Read more
This is the officer appointed by the directors of a company as responsible for ensuring that firm’s legal obligations under the corporate legislation are complied with. The office of the Company Secretary, Corporate Secretary or Board Secretary is in charge Read more
COMPANY ACCOUNTS Under the provisions of the Companies Act, companies are obliged to keep certain books of accounts known as the Annual Financial Statements in the English language. Every company must keep proper books of accounts with respect to: • Read more