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Introduction The Business Laws (Amendment) (No.2) Act of 2021 (the Act) came into force on 31 March 2021 seeking to facilitate ease of doing business in Kenya. In this first part of the series, we highlight the key changes to the laws listed below. The second part will address the effect of the Act on the Insolvency Act, 2015. Law of Contract Act (Cap 23 Laws of Kenya) (the LCA) The meaning of “signing” as defined under the LCA has been expanded to clarify that contracts entered into by companies should be executed according to the Companies Act. Recently, the Companies Act was amended to delete the use of a common seal as means through which a company signs contracts. Therefore, contracts entered into by companies should be executed (i) by two authorised signatories, (ii) by a director of a company in the presence of a witness who attests the director’s signature, or (iii) by a duly appointed attorney.

Business registration serviceNational social security fundNational industrial training authorityCapital markets authorityBusiness lawsInsolvency actContract actCompanies actSocial security fund actCabinet secretaryStamp duty actNational industrial trainingவணிக பதிவு சேவைதேசிய சமூக பாதுகாப்பு நிதிதேசிய தொழில்துறை பயிற்சி அதிகாரம்மூலதனம் சந்தைகள் அதிகாரம்