Jacklyne Kanu

THE SHIFT FROM MANUAL TO ELECTRONIC LAND TRANSACTIONS

Introduction The intent to conduct conveyancing transactions electronically, dates back to mid-2019 when the Cabinet Secretary responsible for Lands and Physical Planning (the Cabinet Secretary) published, on 28th June, 2019, the Land Registration (Electronic Transactions) Regulations 2019. However, the said Regulations were later annulled by the National Assembly on the grounds that the Cabinet Secretary …

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THE COMPANIES (BENEFICIAL OWNERSHIP INFORMATION) REGULATIONS, 2020: DISCLOSURE OF BENEFICIAL OWNERS

1 Comment / Regulations / By Jacklyne Kanu

Attempts to enforce the disclosure of beneficial owners of a company began in 2017 through the amendment of the Companies Act, 2015. The amendment was to the effect that companies should record on their register of members, information relating to beneficial owners. However, this amendment was contradictory because there were pre-existing provisions in the Companies …

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A REVIEW OF THE TAX LAWS (AMENDMENT) ACT, 2020

Leave a Comment / Tax Laws / By Jacklyne Kanu

Introduction The relevant Bill was published on 30th March, 2020, passed by parliament on 22nd April, 2020 and assented to as law by the president on 25th April, 2020. The Act was meant to legalize the tax relief measures that were issued by the President on 25th March, 2020 with the objective of cushioning individuals …

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COVID-19 RELIEF MEASURES BY THE KENYAN GOVERNMENT

2 Comments / Covid-19 / By Jacklyne Kanu

The outbreak of the Coronavirus has led to economic hardships. The Government of Kenya has in response introduced various relief measures intended to mitigate the hardships. These measures include: tax measures, measures by the Central Bank of Kenya (CBK) and other additional measures. Tax Measures The tax measures cover cuts on Pay as You Earn …

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COVID-19 IMPACT ON PERFORMANCE OF CONTRACTUAL OBLIGATIONS

2 Comments / Covid-19 / By Jacklyne Kanu

The first case of coronavirus (Covid-19) was reported late last year in Wuhan and since then governments across the world have taken various measures such as forced quarantine, lock downs, travel bans and restrictions, to control the spread of the virus. These measures have generally slowed down business activities and in worst scenarios led to …

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