Beneficial Ownership

The Companies Act, No. 17 of 2015, was amended to introduce Section 93(A) which has made it mandatory for all Companies to maintain a Register of Beneficial Owners. This amendment has been effected through the Statute Laws (Miscellaneous Amendment) Act, No. 12 of 2019 as well as the publication of Companies (Beneficial Ownership Information) Regulations, 2020 detailing the procedure for compliance.

0

Leave a Comment!*

Related Posts

Conversion of old LR…

By a notice published in the Special Issue of the Kenya Gazette of 31st December 2020, the Cabinet Secretary, Ministry of Lands and Physical Planning notified the public of conversion…
Read more

Retirement Benefits

The Retirement Benefits Mortgage Loans (Amendment) Regulations, 2020 (hereinafter the “Amendment Regulations”) were signed into law on the 14th of September 2020 by the Cabinet Secretary for National Treasury and…
Read more