Regulations

LAW ON DISCLOSURE OF THE COMPANIES BENEFICIAL OWNERSHIP: HOW THE SPIRIT OF THE LAW HAS BEEN STABBED BY THE IMPLEMENTATION SYSTEM

The rush to update the beneficial owners for many companies in Kenya as prescribed in Section 93A of the Companies Act, 2015, has been a crazy race in the month of January as many Kenyans worked against the January 31st deadline which has now been extended to 31st July 2021. The notice by the registrar …

LAW ON DISCLOSURE OF THE COMPANIES BENEFICIAL OWNERSHIP: HOW THE SPIRIT OF THE LAW HAS BEEN STABBED BY THE IMPLEMENTATION SYSTEM Read More »

THE COMPANIES (BENEFICIAL OWNERSHIP INFORMATION) REGULATIONS, 2020: DISCLOSURE OF BENEFICIAL OWNERS

Attempts to enforce the disclosure of beneficial owners of a company began in 2017 through the amendment of the Companies Act, 2015. The amendment was to the effect that companies should record on their register of members, information relating to beneficial owners. However, this amendment was contradictory because there were pre-existing provisions in the Companies …

THE COMPANIES (BENEFICIAL OWNERSHIP INFORMATION) REGULATIONS, 2020: DISCLOSURE OF BENEFICIAL OWNERS Read More »