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Form CR34 - Notice of Sub-Division, Consolidation, or Redemption of Shares

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2
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Document Overview

Form CR34 – Notice of Sub-Division, Consolidation, or Redemption of Shares is a statutory form prescribed under Sections 406 and 525 of the Companies Act, 2015 (Kenya).

It is used to notify the Registrar of Companies when a company:
1. Sub-divides its shares (e.g., splitting 1 share of KES 100 into 10 shares of KES 10 each).
2. Consolidates its shares (e.g., combining 10 shares of KES 10 into 1 share of KES 100).
3. Redeems redeemable shares (e.g., buying back preference shares in line with redemption rights).

Purpose:
- To legally update the Registrar about structural changes in a company’s issued share capital.
- To maintain accurate public records of share capital.
- To reflect changes that affect shareholder rights, capital value, and the structure of issued shares.
- Ensures compliance with statutory obligations after shareholder resolutions authorising such changes
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