How To Close A Limited Company In Kenya. In this article, you will find the information and procedure that you will require to follow in order to close your limited company.
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited companies) and private companies (private limited companies). Who may become a member of a private limited company is restricted by law and by the company’s rules. In contrast, anyone may buy shares in a public limited company.
Here is How To Close A Limited Company In Kenya
- With the new changes on company regulations, you will require an eCitizen account that belongs to a director of your company to process the closing of the business. eCitizen account can be registered on this website https://www.ecitizen.go.ke/ but if one of the director already has an account, then that will make it easier.
- Company Name and Registration Number
- Date of Company Incorporation
- Date and Place of meeting at which resolution was passed
- Copy or Contents of the Resolution
- Details of Directors including Details, Address, Postal Code and Capacity
- Certificate of Incorporation
Duration: Up-to 2-4 weeks
Cost: Ksh. 15,000
