Form CR5 - Assent to a Company Application for Registration of a Conversion to an Unlimited Company

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Document Overview

Form CR5 is a statutory form prescribed under sections 83(b) and 89(1)(a) of the Companies Act, 2015 (Kenya) used when an existing company applies to convert to an unlimited company. Members of the company are required to sign this form to give their formal assent (approval).

Key Components:
1. Name of the company.
2. Company number.
4. Names and signatures of members giving assent.
5. Date of assent.

The purpose of Form CR5 is to:
1. Provide legal consent
- It records that members have agreed to the company’s conversion to unlimited liability.
2. Comply with statutory requirements
- The Companies Act requires that members must assent before a company can change its liability status.
3. Protect members’ rights
- Ensures members are fully aware and agree to assume unlimited liability for company debts.
4. Support company restructuring
- Facilitates the lawful conversion of a limited company into an unlimited one.

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Form CR5 - Assent to a Company Application for Registration of a Conversion to an Unlimited Company

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