Companies Act

944. Circumstances in which certain particulars and reports not required in relation to merger

Edition: 2024-12-27 · In force

944. Circumstances in which certain particulars and reports not required in relation to merger

(1)This section applies to a merger by absorption if all of the relevant securities of the transferor company, or if there is more than one transferor company, of each of them, are held by or on behalf of the transferee company.

(2)The draft terms of the scheme need not give the particulars referred to in section 934(2)(b), (c) or (d).

(3)Section 924 does not apply.

(4)The requirements of the following sections do not apply—

(a)sections 937 and 938; and

(b)section 940 so far as it relates to any document required to be drawn up under section 937 or 938.

(5)In this section, "relevant securities", in relation to a company, means shares or other securities conferring the right to vote at general meetings of the company.

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Source: Kenya Law