New Company Act 2015
The On September 11, 2015, the President assented to the Companies Act, 2015, which repeals the 1948

Companies Act (Cap 486). The New Companies Act provides that a company can have one member. Companies that have already been incorporated can also reduce the members to one member. This is a very useful development and will negate the need to have a second shareholder where one beneficially exists. Please find link below for the new Companies Bill 2015.


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