ADVOKS GLOBAL · KENYA
Companies Act
325. Shares to be numbered
Edition: 2024-12-27 · In force
325. Shares to be numbered
(1)Except as provided by subsections (2) and (3), a company that has a share capital shall ensure that each of its shares is distinguished by an appropriate distinguishing number.(2)If all of the issued shares in a company are fully paid up and rank equally for all purposes, they do not require distinguishing numbers so long as they remain fully paid up.(3)If all of the issued shares of a particular class in a company are fully paid up and rank equally for all purposes, those shares do not require distinguishing numbers so long as they remain fully paid up and rank equally for all purposes with all other shares of the same class that are currently issued and fully paid up.(4)If a company allots shares that do not comply with subsection (1), the company, and each officer of the company who is in default, commit an offence and on conviction are each liable to a fine not exceeding five hundred thousand shillings.