Insolvency Act CAP 53▤
Prosecution of delinquent officers and members of company in liquidation
(1) If, in the course of liquidating a company, the Court concludes that a person who was at the relevant time a past or present o…
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727 results · Insolvency Act CAP 53
Insolvency Act CAP 53▤
Circumstances in which persons are personally liable for debts of company
(1) A person is personally responsible for all the relevant debts of a company if at any time— (a) the person is involved in the m…
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Insolvency Act CAP 53▤
Director of company in insolvent liquidation prohibited from being director of, or being involved with, any other company that is known by a prohibited name
(1) This section applies to a person if— (a) a company is in insolvent liquidation on or after the commencement of this section; a…
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Insolvency Act CAP 53▤
Supplementary provisions relating to proceedings under sections 505 and 506
(1) On the hearing of an application under section 505 or 506, the liquidator may personally give evidence or call witnesses. (2)…
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Insolvency Act CAP 53▤
Power of the Court to make orders against officers of company engaging in wrongful trading
(1) This section applies— (a) to a company that is in insolvent liquidation; and (b) to a person who, at a time before the commenc…
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Insolvency Act CAP 53▤
Power of the Court to make orders against officers of company and others found to have participated in fraudulent trading by company in liquidation
(1) A liquidator of a company may make an application to the Court to make an order under subsection (2) if— (a) in the course of…
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Insolvency Act CAP 53▤
Power of the Court to make orders against delinquent directors, liquidators, etc.
(1) This section applies to the following persons— (a) an officer or former officer of a company that is in liquidation (whether b…
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Insolvency Act CAP 53▤
Offence to make false representations to creditors of company in liquidation
(1) This section applies to a company that is in liquidation, whether voluntary or by the Court. (2) An officer or former officer…
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Insolvency Act CAP 53▤
Offence to make material omission from statement relating to financial position of company in liquidation
(1) This section applies to a company that is in liquidation, whether voluntary or by the Court. (2) An officer or former officer…
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Insolvency Act CAP 53▤
Offence to falsify documents in relation to company in liquidation
(1) This section applies in relation to a company that is in liquidation, whether voluntary or by the Court. (2) An officer or con…
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Insolvency Act CAP 53▤
Offences involving transactions to defraud creditors of company in liquidation
(1) This section applies in relation to a company that is in liquidation, whether voluntary or by the Court. (2) An officer or for…
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Insolvency Act CAP 53▤
Offence involving misconduct committed in course of liquidation of company
(1) This section applies in relation to a company— (a) in respect of which the Court has made a liquidation order; or (b) that has…
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Insolvency Act CAP 53▤
Offence involving commission of fraudulent acts in anticipation of liquidation
(1) This section applies in relation to a company— (a) in respect of which the Court has made a liquidation order; or (b) that has…
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Insolvency Act CAP 53▤
Dissolution otherwise than under sections 494 - 496
(1) This section applies to a notice that is— (a) served for the purposes of section 468(9); or (b) from the Official Receiver tha…
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Insolvency Act CAP 53▤
Consequence of notice given under section 495(3)
(1) If a notice has been given in accordance with section 495(3), the Official Receiver or any creditor or contributory of the com…
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Insolvency Act CAP 53▤
Early dissolution of company
(1) This section applies when an order for the liquidation of a company has been made by the Court and the Official Receiver is th…
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Insolvency Act CAP 53▤
Dissolution (voluntary liquidation)
(1) This section applies to a company in voluntary liquidation if the liquidator has sent to the Registrar the liquidator's final…
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Insolvency Act CAP 53▤
Affidavits required to be sworn for purposes of this Part
(1) An affidavit required to be sworn under or for the purposes of this Part may be sworn in Kenya— (a) before any court, tribunal…
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Insolvency Act CAP 53▤
Judicial notice to be taken of documents of the Court
In all proceedings under this Part, all courts and tribunals, all judges and persons acting judicially, and all officers of a cour…
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Insolvency Act CAP 53▤
Court may order meetings to be held to ascertain wishes of creditors or contributories
(1) The Court may— (a) as to all matters relating to the liquidation of a company, have regard to the wishes of the creditors or c…
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Insolvency Act CAP 53▤
Effect of resolutions passed at adjourned meetings of company's creditors and contributories
If a resolution is passed at an adjourned meeting of a company's creditors or contributories, the resolution is for all purposes t…
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Insolvency Act CAP 53▤
Liquidator to lodge periodic statements with Registrar of Companies with respect to current position of liquidation
(1) If the liquidation of a company is not completed within twelve months after its commencement, the liquidator shall, at such in…
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Insolvency Act CAP 53▤
Records of company in liquidation to be evidence
When a company is in liquidation, all records of the company and of the liquidator are (as between the contributories of the compa…
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Insolvency Act CAP 53▤
Certain documents relating to company in liquidation to be exempt from stamp duty
(1) If a company is in liquidation, the following documents are exempt from stamp duty— (a) every transfer relating solely to free…
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