Over 243 companies in different products and services are set to shut their doors after being removed from the Register of Companies, spelling doom for thousands of workers.
In a gazette notice dated June 13, the Deputy Registrar of Companies, Hiram Gachugi, stated that 74 companies have already been struck off the register of companies.
From the list provided by Gachugi, the said companies are from diverse sectors, including health, construction, water, trading, energy, transport, and manufacturing, among others. "PURSUANT to section 897 (4) of the Companies Act, it is notified for the information of the general public that the following companies are dissolved and their names have been struck off the Register of Companies with effect from the date of this publication," the notice stated. A gathering of County government workers Photo Kenya County Government Workers Union Gachuhi further noted that if no opposition is submitted within the next three months, 169 more companies would be removed from the registry of companies. "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 this publication, and invites any person to show cause why the companies should not be struck-off from the Register of Companies," he stated. The Registrar of Companies can initiate the dissolution of a company under several circumstances, including if the company has defied several laws, such as not filing annual returns or operating without proper documentation.
Other circumstances that can lead to a company being dissolved include Insolvency, where a company cannot pay its debts, voluntary dissolution, fraud, or misconduct are other reasons why companies are dissolved in Kenya For a company to open up again after dissolution, it must apply for restoration, either through the High Court or directly through the registrar.
