The rush to update the beneficial owners for many companies in Kenya as prescribed in Section 93A of the Companies Act, 2015, has been a crazy race in the month of January as many Kenyans worked against the January 31st deadline which has now been extended to 31st July 2021. The notice by the registrar […]
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
THE SHIFT FROM MANUAL TO ELECTRONIC LAND TRANSACTIONS Read More »
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
