State gives companies one-month ultimatum to reveal their owners

Business Registration Service Director General, Kenneth Gathuma. (Courtesy)

Business owners who have not registered their firms or provided their list of shareholders could be deregistered by May 15 this year.

This comes following a notice by the Business Registration Services (BRS), giving companies and their shareholders one month to comply. "On October 17, 2024, the Registrar of Companies issued Directive No 1 of 2024 under Section 93A of the Companies Act," stated the BRS in its notice.