Transfer of Share(s)
Transfer of share(s) and change of directorship of a company are usually lodged at the company registry on behalf of the directors of the company by a Certified Public Secretary of Kenya (CPSK). In Kenya, the following are the requirements and the procedure followed under the Companies Act 2015.
General Requirements
- Memorandum and Articles of Association of the company (for the companies which the directors have not resolved to adopt the model articles of association as provided for by the company’s act 2015)
- Copy of Certificate of Incorporation
- The company must have filled all its annual returns for the previous years with the registrar of companies.
- In addition, the company must file interim returns (for part of the current incomplete year).
- Obtain minutes for the meeting in which the resignation (of outgoing) and appointment (of incoming) director(s) were discussed.
- File CR 19 (notice of special/ordinary resolution required by companies act to be lodged with the registrar)