Companies Act

353. Saving for certain older pre-emption requirements

Edition: 2024-12-27 · In force

353. Saving for certain older pre-emption requirements

(1)This Division does not apply to an allotment of equity securities of a public company that are subject to a pre-emption requirement in relation to which the repealed Act applied immediately before the commencement of this Division.

(2)A pre-emption requirement to which the repealed Act applied in respect of a private company immediately before the commencement of this Division has effect, so long as the company remains a private company, as if it were contained in the company's articles.

(3)A pre-emption requirement to which the repealed Act applied immediately before the commencement of this Division is, for the purposes of this Division, taken to be included in the company's articles.

Division 4 — Public companies: allotment where issue not fully subscribed

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Source: Kenya Law