Trusted since 2008
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Describe the procedure of registering a private company.

Describe the procedure of registering a private company.

Answers


Martin
Procedure for registering a private company.

1. Name Search

Proposed name must be reserved pending registration (Name can only be reserved for thirty days). Application for reservation are made in writing and be accompanied with the prescribed fee.

2. Documents prescribed for incorporation of a company

- Memorandum and Articles of Association - Highlights the objectives of the company, the subscribers to the shares of the company and the subscribers to the Articles of the company. - Form 201 - Form of company registered office and address - Form 203 - Form describing the Secretary and directors to the company. - Form 208 - Form of compliance with provisions of the companies Act. - Statement of nominal capital - Declaration of Nominal Capital of the company.

2. All companies must appoint a Registered Certified public secretary as the company secretary

3. The Memorandums and Articles of Association are required to be stamped at the lands office upon payment of the prescribed revenue duty fee?s. Hi is stamp duty fee is determined by the value of the nominal capital of the company. 4. Certificate of Incorporation is processed thereafter,averagely in 10 days.
marto answered the question on February 4, 2019 at 08:17

Answer Attachments

Exams With Marking Schemes

Related Questions