ADVOKS GLOBAL · KENYA
The Companies (Beneficial Ownership Information) Regulations
9. Effect of restriction
Edition: 2023-10-19 · In force
9. Effect of restriction
The effect of a restriction issued under regulation 7 respect to a relevant interest is as follows—(a)any transfer of the interest is void;(b)no rights are exercisable in respect of the interest;(c)no shares may be issued in right of the interest or in pursuance of an offer made to the interest-holder;(d)no payment may be made of sums due from the company in respect of the interest.