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In these circumstances, although I know that hard cases make bad law, I would have expected Harold to be entitled both to the 400 shares apparently transferred by stock transfer form and the shares bequeathed to him, with the consequence that, on Ada’s death, he became entitled to 51 per cent of the issued shares in the company.
The Subordinate Courts of Kenya are courts subordinate to Kenya's High Court, established under Article 169 of the Constitution of Kenya 2010. They include the Magistrates' Court , the Kadhis' Courts , the Courts Martial the Small Claims Court (Kenya) , and any other court or local tribunal established by an Act of Parliament.
Share transmission is a mechanism by which the title to shares is devolved other than by transfer. This is typically applicable for: devolution by death; succession; inheritance; bankruptcy; marriage; When a previous owner of shares dies and his shares are inherited by his personal representatives or heirs, this is called transmission of shares.
The High Court of Kenya is a court of unlimited original jurisdiction in criminal and civil matters established under article 165 of the Constitution of Kenya, 2010 as part of the Kenyan Judiciary. It also has supervisory jurisdiction over all other subordinate courts and any other persons, body or authority exercising a judicial or quasi ...
The Capital Markets Authority of Kenya (CMA) is a government financial regulatory entity responsible for supervising, licensing and monitoring the activities of the capital markets within the Republic of Kenya, market intermediaries, including the stock exchange, and the central depository and settlement system and all other persons licensed under the Capital Markets Act of Kenya.
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The Constitution of Kenya is the supreme law of the Republic of Kenya. There have been three significant versions of the constitution, with the most recent redraft being enabled in 2010. The constitution was presented to the Attorney General of Kenya on 7 April 2010, officially published on 6 May 2010, and was subjected to a referendum on 4 ...
In 1996 saw the largest share issue in the history of NSE with the privatization of Kenya Airways. Having sold a 26% stake to KLM, the Government of Kenya proceeded to offer 235,423,896 shares (51% of the fully paid and issued shares of KSh.5/= each) to the public at KSh.11/25 per share. More than 110,000 shareholders acquired a stake in the ...