The reorganisation of Share Capital

Alteration and consolidation of share capital – Company A company will pass an ordinary resolution to realise its rights to alter the shares of the company – share capital. The ordinary resolution may focus on one or all rights provided – subdivision; or consolidation or division. Sub-division or consolidation of shares: A limited company may […]

Foreigners as Shareholders in Kenya – Ong’anya Ombo Advocates

Introduction The Companies Act No. 17 of 2015 (the “Companies Act”) had introduced a new requirement that a foreigner who intends to register a company in Kenya, should give at least 30% of the shares to a citizen of the Republic of Kenya. After extensive deliberations on the impact of the provision towards Foreign Direct […]