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  • Statement Of Increase Of Nominal Capital Kenya

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No. of Company THE COMPANIES ACT Statement of Increase in Nominal Capital Name of Company Limited To the Registrar of Companies Limited hereby gives you notice that in accordance with Section 100.

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How to fill out the Statement Of Increase Of Nominal Capital Kenya online

This guide provides clear instructions for filling out the Statement Of Increase Of Nominal Capital in Kenya online. Whether you are an experienced user or new to the process, this comprehensive guide will help you navigate each section with confidence.

Follow the steps to successfully complete your statement.

  1. Click ‘Get Form’ button to obtain the form and open it in your preferred online editing tool.
  2. In the first section, enter the name of your company as per your registration documents. Ensure it matches the official name to avoid discrepancies.
  3. In the section regarding share capital, indicate the current amount of your share capital in pounds. Fill this in the blank after 'the Company’s £'.
  4. Provide the total number of shares currently issued, which can be found in your company’s latest financial records. Complete the field 'divided into __________ shares of £___________ each'.
  5. Next, fill in the new proposed amount for the increased nominal capital and provide the total number of new shares to be issued, following the same format as in step 4.
  6. Clearly outline the conditions applicable to the new shares, including voting rights and dividend entitlements. If any new shares are preference shares, state whether they are redeemable.
  7. Enter the date of completion for this form.
  8. Sign the document, including your name and clearly state whether you are the Director or Secretary.
  9. Finally, fill in the section for the presenter of the registration, providing both the name and address.
  10. Save your changes, download the completed form, and prepare for printing or sharing as needed.

Complete and submit your Statement Of Increase Of Nominal Capital online today!

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Upon completion of the process Form 204, Notice of Increase of Nominal capital is filled out to Notify the Registrar of the proposed resolution and changes to the Nominal capital of the company. The Notification has to be filed within thirty days of passing of such Resolution.

When registering a limited company in Kenya, the minimum nominal share capital is Ksh. 100,000 (1,000 shares). Legally the law (The Company Act) allows a minimum of 1,000 shares with a nominal share capital of Ksh.

The authorised capital of ₹ 16,00,000 of XYZ Ltd. is divide into 1,60,000 Equity Shares of ₹ 10 each. Out of these shares , 80,000 Equity Shares were issued at par to public for subscription . The full nominal value is payable on application . All the shares were subscribed by the public and total amount was paid for .

A company may, unless its articles provide otherwise, by special resolution, alter its share capital by increasing or reducing its share capital by new shares of such an amount as it thinks expedient. A reduction in share capital must be sanctioned by a court order.

Authorized capital, also called nominal capital, as stated in the Memorandum of Association (MOA) is the amount of share capital that a company can raise at any time by issuing new shares. A company cannot issue shares of the value more than the authorized capital.

Sub-division or consolidation of share capital A sub-division increases the number of shares that a company has in issue. Consolidation is a process by which a company may change the structure of its share capital by amalgamating some or all of its issued shares into shares of a higher nominal value.

Nominal capital is the aggregate par value of those shares that have been issued by a corporation. Since par value is typically set at $0.01 per share, the total nominal value of a company is quite low. In cases where there is no par value at all, a firm has no nominal capital. June 26, 2022 / Steven Bragg/

The Nominal capital of a company in Kenya, therefore refers to the amount of capital, in shares, a company through its constitution or Articles is authorized have and issue to its shareholders.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232