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NGO is a private voluntary grouping of individuals or associations, not operated for profit or for other commercial purposes but which have organized themselves nationally or internationally for the benefit of the public at large and for the promotion of social welfare, development, charity or research in the areas inclusive...
All societies must be registered by the registrar of societies. A society that is not registered or has applied for registration within twenty eight days of its formation shall not carry on any business without authorization by the Registrar. If such a society solicits for donations or contributions from members...
A trust is an entity created to hold and manage assets for the benefit of others. Trusts can be established under the Trustees (Perpetual Succession) Act (“Trustees Act”) only for religious, educational, literary, scientific, social, athletic, or charitable purposes (Trustees Act Chapter 164, Section 3(1)). Charitable purposes may also be...
There are many different types of cooperatives, commonly known as SACCOs that exist. They include housing cooperatives, consumer cooperatives, agricultural or marketing or farming cooperatives, multipurpose cooperatives, producer cooperatives and savings and credit cooperative societies. Business’ ideal type is the savings and credit cooperatives (SACCOs) as their purpose is largely...
Do you want help with Access to Government Procurement Opportunities (AGPO) Certificate Registration? The Kenyan Government procurement has moved online. This is facilitated by the Integrated Financial Management Information System (IFMIS). IFMIS is an initiative of the National Treasury aimed at enhancing efficiency and effectiveness in public Financial Management. The...
What is Winding Up (or liquidation)? Referring to the Company’s Act Section 212(1), winding up may either be Voluntary, by court or Subject to supervision of the Court. The terms winding up and liquidation are usually used them interchangeably. The two terms are not clearly defined under the Company’s Act....
Revised requirements for company registration in Kenya The Registrar of companies in Kenya has made it mandatory that before all applications for Company registration in Kenya of Private Limited Companies, Public Limited Companies, foreign Companies, Partnerships and Sole Proprietorship are filed at the company registry, must be accompanied by the...
Do you want to participate in E-Procurement Online Government Procurement ? The Kenyan Government procurement process has moved online. This is facilitated by the Integrated Financial Management Information System (IFMIS). IFMIS is an initiative of the national Treasury aimed at enhancing efficiency and effectiveness in public Financial Management. The National...
Company registration in Kenya for foreigners Are you a foreigner and planning to set up your company/business in Kenya? Well, it is possible to register the business under the Companies Act. This kind of registration is best known as foreign company registration or foreign company incorporation or foreign company formation....
A community-based organization (CBO) is a registered non-governmental, non-profit and non-political organization. Within community-based organizations (CBOs), there are many variations in terms of size and organizational structure. Some community-based organization (CBOs) with a written constitution and directors are formally registered and incorporated. Others are much smaller and informal, are registered...
