The Law of Succession Act has been amended by introducing new a definition and revising pre-existing definitions through the Law of Succession (Amendment) Act. Initial StatusAmendments IntroducedCommentsNo definition of “spouse”Law of Succession (Amendment) Act:Definition of spouse: “spouse’ means a husband or a wife or wives recognised under the Marriage Act. The Law of Succession…
Read more
Foreign Investors Regulations
The regulation provides categories of investors as local and foreign investors. A local investor, if an individual, is a natural person who is a citizen of an East African Community Partner State while, if a body corporate, is a company or anybody corporate established or incorporated under the Companies Act of under the provisions of…
Read more
Security Lending, Borrowing and Short-Selling Regulations
Securities lending and borrowing The regulation covers transactions involving the lending and borrowing of securities. These transactions must be conducted according to the regulations, and where there is a need for an exemption for a sell buy-back or a transaction similar to securities lending, the exemption must be sort from the authority. The parties intending…
Read more
Registered Venture Capital Companies Regulations
A person that intends to operate under the venture capital sphere is generally registered under the Companies Act. However, that does not designate it as a “registered venture capital company” because it only takes effect upon registering it as a “venture capital company” by the CMA. An entity intending to operate as a venture capital…
Read more