What is the procedure for registration of a company?
A company is a legal entity with a separate existence from its members. A company is usually formed when a group of people enters into an agreement to carry out a specified business. When a company is formed, it is registered with the government. This is done through a process called “registration”.
Registration is a legal process whereby the government formally recognizes an organization as a legal entity. This is done through the registration process.
The registration process consists of checking the company’s application, carrying out the necessary background checks, and finally, the registration of the company. The registration process can take anywhere from two to six weeks to complete.
- ThereApplication and reservation of the company name
- We start the registration of a company in Kenya with the search for the desired company name. The Registrar of companies in Kenya can only register a name that is not similar to another registered company in Kenya. The Registrar of Companies has given.
- The Registrar of Companies will approve and issue the applicant with a letter confirming that the name is available for registration.
- Form CR 1– We will assist to prepare the application for registration of a company in Kenya. We will require the following details;
- The registered office of the Company in Kenya
- Director/shareholder details
- Liability of members (by shares or guarantee)
- If the company is private or public, consent of the director/secretary
- Address of the agent making the application of the Registration of the Company in Kenya
- Form CR 2 – We will lodge with the Registrar of Companies in Kenya the model of the company together with the other documents required to be submitted as a part of the application for registration of a company.
- Form CR 3– We will attend and lodge with the Registrar of Companies memorandum of association. Please note that unless stated explicitly in the memorandum, the company will not be restricted in the business it carries out.
- Statement of Nominal Share Capital duly stamped upon payment of stamp duty. The payment of stamp duty has now been waived and this is no longer a requirement to register a company in Kenya.
- Notification of directors’ residential address. (Form CR8)– We will lodge with the Registrar of Companies a notification of the director’s residential address. The Registrar of Companies in Kenya requires all directors to provide comprehensive details of their residential address. This will include the plot no, physical address, road, building, and postal address.
- Articles of Association – We can assist a company to prepare its own articles of association or adopt the model articles provided for in the Kenyan Companies Act.
- Identification documents- The Kenyan Companies Act requires that directors will be required to provide the national identity card, passport photographs, and PIN Certificates.
- Please note that all the documents that we have mentioned above are required to be submitted to the Registrar of Companies in Kenya.
- A company is formed when the directors make an agreement among themselves to carry out a specified business. This agreement is called memorandum of association. The memorandum of association should be signed by all the directors and is usually written in English. The memorandum of association should contain the following details;
- Name of the company
- Type of company
- Number of directors
- Date of incorporation
- Location of registered office
- Purpose of the company
- Duration of the company
- The memorandum of association should be lodged with the Registrar of Companies.
contact ocl business associates for company registration in kenya