The term for this is transmission of shares. It’s the legal process of passing on shares from a shareholder to another person because of an event that’s not a voluntary sale or gift.
This often happens when a shareholder passes away, and their shares are inherited by an heir or a legal representative of their estate.
A situation where the last joint shareholder of a share(s) dies is addressed by the legal provisions concerning the transmission of shares.
Are you thinking about dipping your toes into the Kenyan business world? Well, have you considered buying a ready-made business?
Section 705 of the Companies Act stipulates that each company must furnish the Companies Registrar with its annual returns…
A foreign company, registered outside of Kenya, that intends to conduct business within the country has the option to establish either a branch office or a subsidiary in Kenya.
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