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Introduction to Company Law
| Institution | UNIVERSITY OF NAIROBI |
| Course | Bachelor of Laws (LL... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Mwalimu Evans Okoyo. |
| File Type | |
| Pages | 21 Pages |
| File Size | 543.85 KB |
| Views | 3304 |
| Downloads | 0 |
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Description
The Kenya Companies Act No 17 of 2015 was assented to by the President on September 11, 2015, to replace the Companies Act Cap 486 that had been passed in 1962. The repealed Companies Act is based on the English Companies Act, 1948. While the new Companies Act has largely codified the provisions of the common law and rules of equity, it is envisaged that these will still apply where necessary, relevant or where the statute is silent or does not fully cover an area in question.
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1.0 The various forms of business organization
Business organizations can be formed by one person, a group of people or even government.
Consequently, we could have the following forms of business ownership:
i. sole proprietorship
ii. partnership
iii. limited liability company
iv. cooperative
v. public corpora
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1.0 The various forms of business organization
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Consequently, we could have the following forms of business ownership:
i. sole proprietorship
ii. partnership
iii. limited liability company
iv. cooperative
v. public corpora
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dividends but instead uses the cash to finance the business.
2. Spontaneous financing: This is financing arising from increased sales. A such,
there income to buy more inventories and suppliers can extend credits when they
realize there is good business.
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creditors, equity investors or owner piping more finance in business.
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