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Section 988 of The Companies Act No. 17 of 2015: Provision for registration of charges over Kenyan property of foreign company

    

(1) The foreign companies regulations may provide for the registration ofspecified charges over property in Kenya of a registered foreign company.
(2) Those regulations may provide for—
(a) the circumstances in which property is to be regarded, as being, or not being, in Kenya or in a particular part of Kenya;
(b) the keeping by a registered foreign company of records and registers about specified charges and their inspection;
(c) the consequences of failing to register a charge in accordance with this Act; and
(d) the circumstances in which a registered foreign company ceases to be subject to this Act.
(3) The foreign companies regulations may for this purpose apply, with orwithout modifications, any of the provisions of Part XXXII.
(4) The foreign companies regulations may modify any reference in an enactment to Part XXXII, or to a particular provision of that Part, so as to include a reference to those regulations or to a specified provision of those regulations.

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Disclaimer: This document is not to be taken as legal advise.

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