BRS STREAMLINES IT’S IN-PERSON SERVICE DELIVERY POINTS By: Otieno Otiego A few years ago, it was inconceivable that one could walk into the Companies’ Registry at Sheria House and find all customers seated, as they waited for their turn to be served at the counter. More often than not, the Companies’ Registry was packed with […]
BRS streamlines it’s in-person service delivery points Read More »
An estimated 60 percent of private firms are yet to disclose a list of their beneficial owners risking fines in the hundreds of thousands of shillings alongside sanctions, including the inability to conduct business with the government. New data from the Business Registration Service (BRS) shows only 40 percent of private firms or 276,014 companies
Dormant firms hit plan to lift the corporate veil on true owners Read More »
We refer to an opinion piece published in the Business Daily on Tuesday, 24th January, 2023 on page 24, titled “Remove red-tape at companies registry to spur business growth”. Please allow us to make some clarification on the issues raised as follows: For further enquiries and clarification, please contact Corporate Communication via Communication@brs.go.ke KENNETH GATHUMA
Right to Reply: Remove red-tape at companies registry to spur business growth Read More »
What is insolvency? An individual is insolvent if he/she is unable to discharge his or her debts as they fall due. A company is insolvent if it does not have enough assets to cover its debts, that is, the value of its assets is less than the value of its liabilities, or if it is
A LAYMANS GUIDE TO INSOLVENCY; PART 1 Read More »
In Part 1 of this article, we explored the various insolvency procedures that are available to an individual undergoing financial hardship. In this second part of the article, we are going to explore liquidation as an insolvency procedure for a corporate entity undergoing financial hardship. A company is defined under the Insolvency Act, 2015 to
A LAYMAN’S GUIDE TO INSOLVENCY; PART 2 Read More »
In 2017, the Government sponsored the enactment of the Movable Property Security Rights (MPSR) Act to enable instant and efficient registration of security rights of movable properties through an electronic system. The system promotes access to credit for Medium, and Small Enterprises (MSMEs), low-income earners and other owners of movable assets. MyGovwriter, Mutiso Mbithi interviewed
