Form CR25 - Particulars of Charge Created by a Company Registered in Kenya

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Document Overview

Form CR25 is a statutory form under section 878 of the Companies Act, 2015 (Kenya) which is used to register particulars of a charge (a form of security, such as a mortgage or debenture) created over the property or undertaking of a company registered in Kenya.

Key Components:
1. Company name and number.
2. Date and description of the document creating or evidencing the charge.
3. Amount secured.
4. Description of the property subject to the charge.
5. Names and addresses of persons entitled to the charge (creditors/lenders).
6. Whether the charge includes a floating charge.
7. Provisions on restrictions, ranking, and priority of securities.
8. Lodging details (person filing).

Purpose:
1. Give legal notice of a charge
2. Protect creditors and investors
- Registration provides transparency about the company’s encumbered assets and the extent of liabilities.
3. Establish security priority
- Determines the ranking of creditors in case of insolvency.
4. Comply with statutory requirements
- Section 878 mandates registration of charges within a set timeline to ensure they are enforceable against third parties.

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Form CR25 - Particulars of Charge Created by a Company Registered in Kenya

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