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Reform Memorandum - Companies Act (Amendment) Sep 2015

Published on December 20, 2016

Section 975 (2) (b) of Kenya's Companies Act (Amendment) Sep 2015 introduces a restriction to free movement of capital by requiring at least 30% shareholding in a foreign company be held by Kenyan Citizens where a foreign company wishes to be registered as a foreign Company in Kenya.

Download the reform memo.