Through a gazette notice, the government has issued a notice of its intention to close down 67 companies over the next three months.
The Registrar of Companies, Joyce Koech, has urged the directors of the affected companies to show cause why they should not be shut down.
“Pursuant to section 897 (3) of the Companies Act, the Registrar of Companies gives notice that the names of the companies specified hereunder shall be struck off from the Register of Companies at the expiry of three months from the date of publication (August 27, 2024) of this notice and invites any person to show cause why the companies should not be struck off from the Register of Companies,” the notice read in part.
Companies Facing Dissolution
Alekim Consulting Limited, Alistair Logistics Kenya Limited, Ality Fusion Investments Limited, Arctic Limited, Barak Goshen Kenya Limited, Bourgogne Limited, Brikisha Hardware Limited, Caxdon Supplies and Logistics Limited, Crawlers Supplies and Logistics Limited, Curators Sisters of St Luke Investments Limited, Drill and Pump Limited, Easy Stay Limited, Evelets Investments Limited, Ewas Scrap Metal Dealers Limited, Grandacres Red Hill Limited, Granito Metals And Ore Limited and Hakuna Matata Automotive and Farming Equipments Limited.
Others include:
Hari Detergents Company Limited, Heliacal Kenya Limited, Hot Rods Logistics & Equipment Limited, House-Pitality Training Centre Limited, Kaboi Tea Growers Company Limited, Kei Pharmacy Limited, Kenrod Investments Company Limited, Kizimkazi Investments Limited, Kvs Mines and Minerals Limited, Lanelle Links Limited, Leadnabs Technology Company Limited, Makkaah Pharmaceutical Limited, Malivest Limited, Marshalls Investment Limited and Mbonyi Limited.
Other companies on the list are Mofran Technology Limited, Mokefa Construction and Supplies Limited, Motrans Technology Limited, Nelishelm Investment Limited, Nordlife Capital Limited, Northways Shuttle Limited, Notitia Afrika Limited, Omidyar Network Kenya Limited, Plentree Foods Limited, Prime Six Limited, Rage Travel and Cargo Agency Limited, Rift Care Group Limited, Rubicon Sustainable Technologies Africa Limited, Seoul Guest House Limited, Shanzuluck Bays Limited, Shaush Builders Limited, Shs Projects Kenya Limited, Skel Wan Wood Limited and Sky Height Achievers Limited are also facing dissolution.
Also, Koech seeks to expunge Spyro Gyra Limited, Students Housing Projects Limited, Suite Living Kenya Limited, Sunstar Research and Consultancy Services Limited, Sustainable Housing Solutions Limited, The Magari Yetu Limited, Timecon Consultants Limited, Ufunzi Research Management and Consultancy Limited, Uzi Video Limited, Valgent Limited, Wamuthaka Agencies Limited, Wey Education Limited, Woodspice Limited, Yettal Limited, Zambezi Ummoja Limited and Zee’s Bbq Limited from the register of companies.
Why Registrar Shuts Down Companies
There are several bases for the procedural closure of the businesses on Section 894 of the Companies Act 2015. They give details on the power of the registrar to strike off a company.
The powers granted to the Registrar of Companies are based on three premises:
1. Not Carrying on Business or in Operation
If the Registrar has a reasonable justification that the company is not in operation, she is mandated to send a letter of inquiry to the company owners.
The owners have one month to respond to the letter, or else a second letter will be sent. The name of the company will gazetted to strike it off the register if the second letter goes unanswered.
2. Company Facing Liquidation
If the Registrar believes that the affairs of the company are fully wound up or that no liquidator is acting in six months.
A liquidator is the person appointed to wind up the affairs of a company or firm.
3. Upon Application By The Company
This is self-explanatory. However, the registrar is obligated a three-month window to allow directors to show cause on why the company should not be struck off.
According to the law, when a company is dissolved, the liability of the directors, members, and officers ceases.
