Over 150 companies dealing in different products and services are set to close their doors as the economic hard times continue to bite. Through a Gazette Notice dated March 28, the government stated that 70 companies have been dissolved after a three-month notice period. "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 publication of this notice," reads the notice from Hiram Gachugi, Deputy Registrar of Companies. According to the notice, the companies closed their doors effective Monday, March 17.
Kenyans Queue for jobs in Kisii town Photo PSC The notice further indicated that another 94 companies have applied to be removed from the register of companies, effectively shutting their business.
This is to happen in the next three months. "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 of this Notice," the deputy registrar of companies said.
The government invited Kenyans with any reservations in regard to the dissolution of the mentioned companies to show cause as to why they should not be dissolved.
