A new company law framework - the Companies Bill 2014 - was introduced last year in the National Assembly: see here (pdf) . It was, however, withdrawn by its sponsor earlier this year. Hansard, the record of debate, explains why: the Departmental Committee on Justice and Legal Affairs, which has considered the Bill, has said that many clauses need to be amended and for this reason the Bill should be withdrawn and republished with the incorporated amendments. A copy of the Hansard record is available here (pdf).
Update (28 July 2015) - a new Bill, the Companies Bill 2015, has been introduced in the National Assembly: see here.
Thursday, 9 April 2015
Kenya: Companies Bill 2014 withdrawn in order to be republished in revised form
A new company law framework - the Companies Bill 2014 - was introduced last year in the National Assembly: see here (pdf) . It was, however, withdrawn by its sponsor earlier this year. Hansard, the record of debate, explains why: the Departmental Committee on Justice and Legal Affairs, which has considered the Bill, has said that many clauses need to be amended and for this reason the Bill should be withdrawn and republished with the incorporated amendments. A copy of the Hansard record is available here (pdf).
Update (28 July 2015) - a new Bill, the Companies Bill 2015, has been introduced in the National Assembly: see here.
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