Companies Act

530. Treasury shares: notice of disposal

Edition: 2024-12-27 · In force

530. Treasury shares: notice of disposal

(1)Within one month after shares held by a company as treasury shares—

(a)are sold; or

(b)are transferred for the purposes of an employees' share scheme, the company shall lodge with the Registrar for registration a return that complies with subsection (2).

(2)A return complies with this subsection if it states with respect to shares of each class disposed of—

(a)the number and nominal value of the shares; and

(b)the date on which they were disposed of.

(3)Particulars of shares disposed of on different dates can be included in a single return.

← Previous provision Next provision →

Source: Kenya Law