ADVOKS GLOBAL · KENYA
Companies Act
6. Companies limited by shares
Edition: 2024-12-27 · In force
6. Companies limited by shares
(1)For the purposes of this Act, a company is a company limited by shares if the liability of its members is limited by the company's articles to any amount unpaid on the shares held by the members.(2)For the purposes of subsection (1), the liability of the members of an existing company is taken to be limited by the company's articles to any amount unpaid on the shares held by the members if a condition of the memorandum of association of the company stating that the liability of the members is limited is regarded as a provision of the articles by virtue of section 70.