The new act is both a consolidation of laws on companies in kenya and a modernisation of statute law on the subject. Section 2 1 of the companies act cap 486 laws of kenya states what company means as a company formed and registered under this act or an existing company. Company law explain the advantages and disadvantages of incorporation of a company. This chapter of company law study notes deals with jurisprudence which is the study of the nature of law. These are companies which are formed and registered under that act. The companies act, 2015 section 3 defines a company to mean a company formed and registered under this act or an existing company. M international business law wales, uk joel laurent ll. Companies in kenya are regulated and registered under the companies act cap 486 of the laws of kenya.
Click on the links below to read the relevant lecture notes that will assist you with your law studies. Company law notes revised and updated notestable of contents1 company law notes revised and updated notes1. Mar 30, 2020 looking for the best website to download revised edition of kasneb cpa notes section 1, section 2, section 3, section to 6 from s trathmore university business school. Once you visit the page, you will be able to get updated cpa notes pdf.
The company shall file a declaration with the registrar that all the legal requirement have been duly complied with. Company law notes uon corporations subsidiary scribd. The lecture notes below were written by our professional writers, as a learning aid to help you with your studies. It was rightly pointed out in bates v standard land co. A company is an artificial legal person created by complying with the provisions of the companies act, 2015 of the laws of kenya. There are companies incorporated otherwise than under the companies act. The court explained that the real meaning of section 4 is that if the sharing of profits is the only factor to be considered in determining whether or not partnerships exist or whether or not a person is a partner in business then it may. Information to be included in notes to companys financial. Mar 27, 2017 the changed law is what is enacted in section 4 of kenyas partnership act cap 29. Companies have a crucial role to play in british commercial law. Bba 101 business law i kenyatta university institute of. These are all the available lecture notes in this section.
Click on the respective units to download the sample copies for quality confirmation. Law of partnerships in kenya the knowledge tree law notes. Business law an introduction the business professor. The attached ebook of law of companies contains selfprepared notes. It is specifically written for students beginning the study of law for professional examinations such as cpa and cps. Cases and materials in company law, eighth edition l. In the context of company law, liability can be limited by shares or. View notes bba 101 business law i from law 1 at harvard university. Republic of kenya kenya gazette supplement acts, 2015 nairobi, 15th september, 2015. Corporate law manual mzumbe university linkedin slideshare. A company thus has legal rights and obligations in the same way that a natural person does. Members severally liable for debts where business carried on with fewer than seven, or in case of private company, two members. Jul 02, 2019 download company law pdf notes visited 919 times, 2 visits today.
Companies in kenya companies act and company law in kenya. Business registrations service act is also to establish a new brs service across the country for new business setups. A company must be treated as a person in its own right. These are my lecture notes from our lectures on company law. Fundamental concepts in company law there are two fundamental concepts on the operational aspects of company law. Download quality kasneb notes, revision kits and past papers in pdf format at an affordable rates. Basically company law consists partly of ordinary rules of common law and equity and partly of statutory rules. Kasneb company law revision study notes this revision study notes can be used for students pursuing the following kasneb courses. Company law notes kasneb cpa atd cs ccp dcm cifa cict. Company law pdf notes cpa cs ccp kasneb, kism and knec. Once you visit the page, you will be able to get updated cpa notes pdf, past papersexams and guides 2018. It means a person who has been named in prospectus or is identified by the company. Lecture one introduces you to the basic concepts of business law 1.
It is specifically written for students beginning the study of law. Kasneb notesfree downloads kasneb cpa atd cs ccp dcm. A company thus has legal rights and obligations in the same way that a natural person. Like much of our course of british commercial and company law it is not easily compartmentalised, tort, contract, and equity all combine. Company law notes rohit natani cs, net, 9783110025 page 5 the company shall have to refund the entire amount if it fails to obtain the permission for shares to be dealt in or stock exchange. An overview 2 common law, equity and statute law 23 custom 25 case law 26 nature of equity 32 application of principles of equity 34. This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable himher to apply and comply with the provisions of company law in relevant circumstances and environments. The law treats companies in company law distinctly from partnerships in partnership law. Acquire an understanding of the principles of common law system within the students own legal system and how it affects their business life. You can access copy of these notes through email in pdf. The statutory rules are to be found in the companies act which is the current cap 486 laws of kenya. In legal theory the word company demands an association of a member of persons who come together for some common object or objects. In particular the unit discusses how this law relates to the business world.
A company is a business organisation which earns income by the production or sale of goods or services. The board of directors are the brains and the only brains of the company, which is the body and the company can and does act only through them. Company law notes rohit natani cs, net, 9783110025 page 1 chapter 3 incorporation of a company promotion. If you are looking for help with your lecture notes then we offer a comprehensive writing service provided by fully qualified academics in your field of study. Looking for the best website to download revised edition of kasneb cpa notes section 1, section 2, section 3, section to 6 from s trathmore university business school. Company law page 2 of 84 separate legal personality of companies and exceptions to that principle in both statute and the common law. Company law notes kenya pursuant to the 2015 act introduction this course is primarily concerned with companies as defined in the companies act. Doc company law notes kenya patrick kilonzo academia. You can access all this content here clicking on the subtopics. The act of ratification is important as the position is the same as if the agent had the authority from the outset per inrvine v union bank of australia 1877 2 app cas 366. Definition of a company a company is a corporation an artificial person created by law. These are the previous done company law kasneb past papers and suggested answers here click here to purchase company law notes company law november 2019 past question paper and answers company law may 2019 past question paper and answers company read more. A company is a corporation an artificial person created by law. It means the preliminary steps undertaken by the promoters to bring a company into existence.
Comply with the legal principles relating to companies incorporated outside kenya. Type of companies under the kenyan companies act 2015. Certified public accountantscpa certified credit professionalsccp certified secretariescs forms of business organisations sole proprietorship also sole trader one man business partnership business consisting of between two to 20 people owned business. Jun, 2019 hi, please send me cs section 4 corporate seretarial practice and law and procedure of meetings notes, revision kits and past paper. Kenya company law is that body of rules which regulates corporations formed under the kenya companies act.
A company is an artificial legal person created by. Make a distribution between company and partnership firm. Since the term law has no assigned meaning this chapter provides the various meanings that different scholars have assigned to law. Here in this thread i am sharing lecture notes in ebook format pdf for the subject company law for llb and ba.
Download kasneb, kism and knec notes for business courses. Structure and jurisdiction of courts in kenya topic 3. Company law kasneb syllabus knec kasneb kism ebooks kenya. Home blog type of companies under the kenyan companies act 2015 type of companies under the kenyan companies act 2015 you are probably thinking about incorporating a company in kenya but something is still not clear to you on the type of company. An introduction 4 overview access to text all of this material in this text is available in desktop and mobile browser or pdf format at.
This entry also covers rules by which partnerships and trusts are governed in kenya. Jan 14, 2016 ii the outsiders dealing with the company shall know with certainty as to what objects of the company are and as to whether the contractual relation into which they 11 s. Companies and partnerships compared a a company can be created only by certain prescribed methods most. Company law notes kenya pursuant to the 2015 act introduction this course is primarily concerned with companies as defined in the companies act, cap. Icsi house, 22, institutional area, lodi road, new delhi 110 003. This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable himher to apply the principles of legal system and business law. Kenya s companies act is based upon the english companies act of 1948, and hence there is a lot of similarity between kenyan law and english law. Principles of business law contents study unit title page syllabus i 1 nature and sources of law 1 nature of law 3 historical origins 6 sources of law 9 the european community and uk law. Financial management pdf notes cpa cs ccp kasneb, kism and. Law of business associations company law this course is primarily concerned with companies as defined in the companies act cap 486.
Section 2 1 of the companies act cap 486 laws of kenya states what. Lecture notes welcome to our free kenya law lecture notes. An introduction kenya company law is that body of rules which regulates corporations formed under the kenya companies act. Kenyas companies act is based upon the english companies act of 1948, and hence there is a lot of similarity between kenyan law and english law in relation to companies. The new companies act 2015 has come into operation in kenya. Kenyan company law is heavily based on the principles of english company statute law and the common law, as handed down through judgemade decisions of the courts. This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable himher to apply and comply with the provisions of company law. Kasneb company law past papers and answers kasneb notes. This is a very vague definition, in the statute the word company is not a legal term hence the vagueness of the definition. It discusses the definition of law, the nature of law.
Kenya company law kenya constitutional law kenya contract law kenya courts kenya criminal law kenya criminal. Download company law pdf notes visited 919 times, 2 visits today. The following are the topics covered in detail in this subject. Part vname of company division 1 general requirements 48reservation of name. This course is primarily concerned with companies as defined in the companies act cap 486. Hello admin, i hold a diploma in business management finance and banking option, between cpa and atd which one can i start with and at which. Business law pdf notes cpa cs ccp kasneb, kism and knec. Company law page 3 of 84 significant part in the regulation of larger companies and is widely discussed in the theoretical literature. General objectives this unit aims at introducing you to the general principles of law and its application. This entry also covers rules by which partnerships and trusts are governed in kenya, together with albeit in less detail cooperatives. To receive study notes directly to your email, calltextwhatsapp 0724 962 477. Download cpa free past papers and notes in kenya trending news. Download cbse notes, neet notes, engineering notes, mba notes and a lot more from our website and app. Kasneb company law revision study notes kenyan exams.