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You can now form a company alone
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kanyimwa
#11 Posted : Tuesday, September 29, 2015 5:38:12 PM
Rank: Member

Joined: 8/20/2008
Posts: 83
instinct wrote:
for existing companies what is the procedure for kicking out my dormant partner holding 1 share? #kenyans dont like reading large documents
I am also following keenly on how to kick out my 10-year long dormant partner
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Nimerudi
#12 Posted : Tuesday, September 29, 2015 6:09:44 PM
Rank: New-farer

Joined: 1/21/2015
Posts: 78
Location: Pare Pare
Briefcase Inc reloaded. Laughing out loudly
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Mseto binti
#13 Posted : Thursday, October 08, 2015 11:47:12 AM
Rank: Member

Joined: 3/9/2012
Posts: 144
@ Kanyimwa did u get to know how to kick dormant directors?.....
I found meaningful work🤓
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Swenani
#14 Posted : Monday, October 12, 2015 12:42:45 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
mawinder wrote:
Lolest! wrote:
Under the new Companies' Act. You can also have just 1 director. You will also not be required to audit your books https://youtu.be/Jn8iHc7jW6g http://www.kbc.co.ke/pre...-landmark-business-laws/ http://www.nation.co.ke/...4/-/144h1wm/-/index.html http://allafrica.com/stories/201509150693.html
How will that work in relation to KRA and listed companies like Centum, Britam and Equity?
A listed company is a public company jameni!
If Obiero did it, Who Am I?
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Lolest!
#15 Posted : Monday, October 12, 2015 7:59:21 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Swenani wrote:
mawinder wrote:
Lolest! wrote:
Under the new Companies' Act. You can also have just 1 director. You will also not be required to audit your books https://youtu.be/Jn8iHc7jW6g http://www.kbc.co.ke/pre...-landmark-business-laws/ http://www.nation.co.ke/...4/-/144h1wm/-/index.html http://allafrica.com/stories/201509150693.html
How will that work in relation to KRA and listed companies like Centum, Britam and Equity?
A listed company is a public company jameni!
smile
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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leona
#16 Posted : Tuesday, October 13, 2015 1:44:36 PM
Rank: Elder

Joined: 8/1/2008
Posts: 1,432
Location: Marsabit
instinct wrote:
for existing companies what is the procedure for kicking out my dormant partner holding 1 share? #kenyans dont like reading large documents
Anyone with this answer? I don't want to read :)
Nevermind what haters say, ignore them til they fade away - Just live your life
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Ali Baba
#17 Posted : Tuesday, October 13, 2015 2:23:24 PM
Rank: Member

Joined: 8/29/2008
Posts: 573
leona wrote:
instinct wrote:
for existing companies what is the procedure for kicking out my dormant partner holding 1 share? #kenyans dont like reading large documents
Anyone with this answer? I don't want to read :)
You can ask your learned friend for a fee of course.The problem with one man companies is succession.Directors die,but companies don't.Colgate was incorporated in 1806.What do you think would have happened if it was a one man company? Its cemetery would be having overgrown bushes.
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tmakto
#18 Posted : Thursday, October 29, 2015 3:35:07 PM
Rank: New-farer

Joined: 10/28/2015
Posts: 47
Ali Baba wrote:
leona wrote:
instinct wrote:
for existing companies what is the procedure for kicking out my dormant partner holding 1 share? #kenyans dont like reading large documents
Anyone with this answer? I don't want to read :)
You can ask your learned friend for a fee of course.The problem with one man companies is succession.Directors die,but companies don't.Colgate was incorporated in 1806.What do you think would have happened if it was a one man company? Its cemetery would be having overgrown bushes.
You obviously have a point but there is a difference between owner and director. You can be sole owner with several directors under this act. And it's working very well elsewhere (e.g. SA). Planning your succession with a fiduciary service firm is one way to deal with "after you're gone". You can do it.
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Nimerudi
#19 Posted : Friday, October 30, 2015 12:27:49 PM
Rank: New-farer

Joined: 1/21/2015
Posts: 78
Location: Pare Pare
Any tax experts in the house? Is there any tax liability advantage in operating a single member company? Also, what are the reporting requirements here?
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marywiltonn
#20 Posted : Thursday, December 17, 2015 8:54:42 AM
Rank: Hello

Joined: 12/17/2015
Posts: 1
Location: Chicago
Hi, I am a lawyer on practice under Baizer Kolar & Lewis, P.C. . I have read The Companies Act 2015, full. Thank you. :)
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