HOW TO INCREASE SHARE CAPITAL OF COMPANY IN KENYA
LAW APPLICABLE
- The constitution of the republic of KENYA
- THE COMPANIES ACT, 2015
- Among others.
The companies Act provides for increase of share capital in Kenya.
A company may increase its share capital in KENYA as follows:
- The company secretary should issue out notices to the share holders inviting them to attend a company meeting for purposes of increasing company’s share capital.
- At the company meeting, shareholder(s) should propose increase of share capital to particular amount and also class.
- Company members in the meeting should discuss the proposal/motion to increase share capital.
- Upon this discuss company members should agree and resolve to increase the company’s share capital in particular, the number of shares and the value of each share unit through a vote.
- The resolution should be reduced in writing and members append their signatures on the resolution.
- The resolution should be paid for and filed at registrar of companies
- The company should fill in increase of share capital company form, pay for stamp duty and registration fee and then file it at company registry .
- The company should therefore cause the amendments in their company documents and file them same at company registry.
- Submit the company documents at Registrar of Companies for purposes of registering the changes. you should the n ask when to collect your copies
- Company Registrar will review the company documents submitted including verification of signatures.
- If all is well he or she will register them accordingly.
- Check on the date you we told to pick up company copies.
Author is A regional transactions legal consultant (ADVOCATE) at NOA REGIONAL ASSOCIATED ADVOCATES AND LEGAL CONSULTANTS.
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NOTE:
whereas the author has made necessary efforts to ensure the accuracy of this
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individual as individual situations may differ.For specific technical / legal
transaction advice on this subject matter and related subject, you may contact
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