Public Limited Company in Kenya
A public limited company is limited by shares and has no restrictions on the maximum number of shareholders, share transfers, or public deposit acceptance. Each shareholder’s responsibility is limited to the unpaid amount of the share face value plus the premium thereon in respect of the shares he owns. The responsibility of a Director / Manager of such a Company, on the other hand, can sometimes be limitless.
A public limited company is listed on a stock market and has its shares/stocks publicly traded. The company has a separate legal existence from the individuals that make up its membership.
All of its actions, from their inception to their completion, are governed by tight rules, laws, and regulations. The business must have at least seven members, but there is no limit to the number of members it can have.
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Our team of committed professionals can help you form a PLC. We also give you the guidance you need to ensure that your new business meets all of its legal requirements.
Public Limited Company registration conditions
A member of a corporation’s responsibility is limited to the face value of the shares he owns. He is under no obligation to contribute anything to the company’s creditors once he has paid the full amount.
Timeline
The Kenyan government will review all of the forms you’ve submitted, produce scans and copies, and register your firm with the KRA in about a week. The business certificate will be uploaded online in your eCitizen portal once everything has been authorized and your business has been formally registered.
Fees
It costs around 107 dollars to register Public Limited Company. Contact us to discover our incorporation fee.
Compulsory regulation
A company’s shareholders do not have the right to engage in the day-to-day management of the company’s operations. This ensures that ownership and management are kept separate. The Board of Directors has ultimate decision-making authority in a firm, and all policy decisions are made by majority vote at the Board level.
Documents
Documents and details required to be prepared in order to register company:
- Board of Directors and Shareholders’ Names,
- A brief description of the prospective company’s purpose,
- Company’s Authorized and Subscribed Capital,
- Proposed company’s registered office address in Kenya,
- Shareholders’ and directors’ addresses, proof of identity, and pictures (duly notarised in case of foreign Individuals).
Consultation about Public Limited Company registration
We offer consultation services specifically tailored for assisting individuals in registering a Public Limited Company in Kenya. Our skilled advisors will support you in the entire process of setting up your business, from completing the initial paperwork to acquiring the required permits and registrations. We will provide personalized advice on legal obligations, share capital, and corporate structure to assist you in making well-informed decisions that are in line with your business objectives.
Ownership management
Handling ownership of a Public Limited Company is a complex yet essential responsibility. Our services involve dealing with alterations in ownership, overseeing beneficial owners, and facilitating ownership transfers. We guarantee that all ownership adjustments are accurately recorded and adhere to current regulations.
Corporate structure changes
As your company grows, your corporate structure may also need to change. If you require any modifications such as updating directors or nominee information, we offer a range of services to help streamline the process.
Share capital management
Managing share capital is crucial for the financial well-being of your company. We provide services that can assist in raising, decreasing, selling, and transferring share capital, guaranteeing that all actions are executed correctly and in compliance with the law.
Other legal forms in Kenya
You have the following alternatives when forming a corporation in Kenya:
- Private Limited Company,
- Branch Office,
- Holding Company.
Each of these company structures has its own set of benefits and drawbacks, as well as different business scopes, registration processes, and minimum capital needs. In most circumstances, it will be determined by a company’s level of commitment to Kenya and the projected business activity.
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