Kenya ferry services limited internship opportunities kenya ferry services is a state corporation, established under the companies act cap 486 of the laws of kenya and operating in the ministry of transport, infrastructure, housing, urban development and public works, mandated with the operation of ferries in the country. The companies act, chapter 486 of the laws of kenya 1959 the societies act, chapter 108 of the laws of kenya 1998 the trustees perpetual succession act, chapter 164 of the laws of kenya. Nic bank kenya plc, and proposal to transfer the kenyan banking business, assets and liabilities of nic bank limited to that subsidiary and proposal to convert nic bank limited into a nonoperating holding company, nic group plc incorporated in kenya on 29th september 1959 under the companies act cap 486 of the laws of kenya. There may be differences in the market due to scale and complexity of a particular project, and in the specialization andor experience level of. 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.
Section i on 15th september, 2015 all other provisions. Laws of kenya state corporations act chapter 446 revised edition 2012 2010. Republic of kenya the companies act cap, 486, section 366. A point many would say relates from the lack of codification of common law principles into the companies act, cap 486 laws of kenya. Summary of the trade mark act cap 506 laws of kenya may 9, 2011 august 16, 2016 victor nzomo this law provides for the protection, promotion and registration of. Incorporated as a private company limited by shares to give it autonomy and enable it operate commercially. The objects for which the company is established are.
Soko directory was formed in 2008 by hidalgo investments ltd. Provisions of the insolvency act will come into force on a date or dates to be set by the cabinet secretary by notice in. Cap 491 the central bank of kenya act 8 common seal, with power to acquirno. The company legislation in kenya owes its origin to the english company law.
This order may be cited as the kenya accreditation service order, 2009. This edition contains amendments tothe finance act 2016 dated 20 september 2016 disclaimer while all reasonable care has been taken in the preparation and. The companies act of kenya which came into force on 1 st. Type of companies under the kenyan companies act 2015. Laws of kenya environmental management and coordination act chapter 387 revised edition 2012 1999 published by the national council for law reporting with the authority of the attorneygeneral. Sample article of association ecitizen gateway to all government. The public seal of kenya shall be such device as may be prescribed by. Sample articles of association the companies act cap 486 laws of kenya company limited by shares. Summary of the provisions of the companies act, 2015 that came into operation on 6th december 2015 the companies act, 2015 was assented by the president on 11th september 2015 with only section 2 of the act coming into operation on the date of gazettement on 15th september 2015. 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. 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. Kenyan company law is heavily based on the principles of english company statute. Some companies are formed under specific acts of parliament. Power to alter conditions in memorandum which could have been contained in articles.
The registered office of the company will be situated in the republic of kenya. 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. The registered office of the company will be situate in the republic of kenya. Financial autonomy achieved on 17 may 2004 when the company opened its own bank accounts independence. Laws of kenya kenya information and communications act chapter 411a revised edition 2015 2012 published by the national council for law reporting with the authority of the attorneygeneral. The information below is given as a guidance only, and is based on minimum recommended fees as prescribed by law in kenya. Laws of kenya the registration of documents act chapter 285. Laws of kenya limitation of actions act chapter 22 revised edition 2012 2010. The focus of this research was to address the problems faced by directors in the day to day running of a company. 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.
A company is run for the benefit of its shareholders and the reasoning is that it should be so as shareholders are the class of persons. The new companies act 2015 has come into operation in kenya. Hidalgo investments is an investment company with diverse interests in the fields of finance, government tenders, business consultancy and corporate image consultancy and legal research, and was incorporated in 2008 under the laws of kenya, cap 486. Ascend enterprises ltd was incorporated in january 2010 under cap. The attorney general has published the companies general regulations, 2015 which are available the government printers, the kenya law website. Summary of the companies act 2015 commencement capita.
Guidelines to the companies act, 2015 state law office. Charitable purposes may also be affected by forming a trust by way of a trust deed. The formation and winding up of a company in kenya is governed by the companys act cap 486 of the laws of kenya. Palbina travel and tours was established with a view to providing international, regional and local travel services and. Palbina travel ltd established in 1996 is a private limited liability company incorporated in kenya under the companies act cap 486 laws of kenya. By comparison, the old companies act cap 486 had 406 sections covering 270 pages which included a regime for corporate insolvency. The genesis of labor law and practice can be traced to the 19th century when need arose for the colonial government to pass legislation to ensure adequate supply of cheap labor to service the emerging enterprises in agriculture, industry and in the service sector. 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. This course is primarily concerned with companies as defined in the companies act, cap. A standard for standards kenya bureau of standards. A point many would say relates from the lack of codification of common law.
The name of the company is jubilee holdings limited. Although quite voluminous, the act takes into consideration, developments in technology and procedure, to boost the ease of doing business. 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. 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 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.
This is a very vague definition, in the statute the word company is not a legal term hence the vagueness of the definition. Laws of kenya the evidence act chapter 80 revised edition 2009 2008 published by the national council for law reporting with the. Chase bank kenya limited incorporated in kenya under the. 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. There are companies incorporated otherwise than under the companies act.
1027 493 88 435 1413 803 957 1112 676 1335 1392 1493 748 874 1163 104 1179 1234 117 1211 429 417 959 856 400 1148 281 254 1312 1111 747 1411 1385 1201 1325