Much at stake in new company law assented by President Uhuru Kenyatta

Since the presidential assent of the new Companies Act 2015, the corporate world has waited with great anticipation the commencement of the laws which would catalyse business activities to greater economic growth in the country.

Last month, the Attorney General commenced the onerous task of bringing the law into operation. By so doing he has undertaken by law to bring into operation the remaining provisions within six months. Presently, he has kick started a process where only about half of the Act has become operational.