Describe the ways in which a corporation may be established

• By registration: these are companies incorporated pursuant to the provisions of the Companies Act. Their creation is evidenced a certificate of incorporation. The company may be public or private.
• By statute: these are corporations created Acts of parliament. The Act establishes the body, gives it a name and prescribes its objects. E.g. Kenya Wildlife Services, Kenya Revenue Authority.
• By charter: these are private universities that have been given a charter in accordance with the Universities Act., e.g. Catholic University for Eastern Africa.



(Visited 385 times, 1 visits today)
Share this on:

Leave a Reply

Your email address will not be published. Required fields are marked *