On 14 August 2023 a notice was published in the Government Gazette to introduce two Amendment Bills to the Companies Act.
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On 14 August 2023 a notice was published in the Government Gazette to introduce two Amendment Bills to the Companies Act.
On the 30th September 2022, the Capital Markets (Investment Based Crowding) Regulations (the Regulations) were published vide Legal Notice No. 176 of 2022 in the Kenya Gazette in accordance with section 12 A of the Capital Markets Act, 1989 (the Act).
Errant company directors who fail to comply with their obligations set out in the Companies Act, 2008 (Companies Act), face the prospect of being declared “delinquent” under certain circumstances. As a director, the possibility of being declared delinquent under the Compa..
On 23rd November 2022, The Ministry of Industry, Trade and Investment through its Minister, approved the Persons with Significant Control Regulation (''PSC Regulation''). The key objective of the regulation is to provide an effective framework and procedure for obtaining ..
The recent amendments to section 55 of the companies act, 2008 have introduced a comprehensive definition of a "beneficial owner," encompassing ownership, control, and material influence over a company. In this article, we explore the potential impact of the new definitio..
The Capital Markets (Investment-Based Crowdfunding) Regulations, 2022 (the “Regulations”) have been gazetted. The Regulations enable start-ups and growing businesses to raise money from individuals or entities to either finance a project or business through crowdfunding p..
South Africa is introducing new rules regarding the disclosure of beneficial ownership of assets as part of the measures to address its laws regarding anti-money laundering and the combatting of terrorism financing.
The Business Facilitation (Miscellaneous Provisions) Act (the “Act”) became law when, on 14 February 2023, the President of the Federal Republic of Nigeria, Muhammadu Buhari, signed the bill passed by the Senate in December 2022. The Act is a legislative brainchild of the..
As part of the commitments of the Federal Government of Nigeria to continuously create an enabling environment for doing business, on February 13, 2023, the Business Facilitation Bill 2022 (also known as the Omnibus Bill) was signed into law. The main objective of the Act..