THE STANDARD By
Fredrick Obura |
January 27th 2021 at 14:00:23 GMT +0300
NAIROBI, KENYA: The Government has extended by six months deadline for submission of business ownership details to the end of July.
Companies registered under the Companies Act, 2015 and the Companies Act Cap.486 Laws of Kenya (now repealed) are required under Section 93A to prepare and submit a copy of the Beneficial Ownership registers to the Registrar of Companies within 30 days of its preparation and to notify the Registrar within 14 days of any change in beneficial ownership information.
“We had previously issued a deadline of January 31 2021. Having taken note of the progress made in filing these registers and in the spirit of encouraging compliance with the Companies Act, Business Registration Service (BRS) has in consultation with stakeholders granted a final grace period of six months ending July 31,” said Kenneth Gathuma Director General Business Registration Service.