Form CR35 - Statement of Capital with Respect to Reduction of Share Capital

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Document Overview

Form CR35 – Statement of Capital with Respect to Reduction of Share Capital is the statutory form prescribed under Section 421 of the Companies Act, 2015 (Kenya).

It is filed when a company has resolved to reduce its share capital (e.g., through cancellation of shares, reduction in nominal value, or returning capital to shareholders).

Purpose
1. To notify the Registrar of Companies of a reduction of share capital.
2. To provide an updated statement of capital showing the company’s share structure after the reduction.
3. To maintain legal compliance and public record transparency regarding the company’s capital position

-The form is completed on behalf of the company (usually by a director, company secretary, or authorised agent).

Key Information Required
1. Company name and number.
2. Resolution details – the date when the resolution to reduce share capital was passed.
3. Statement of capital (post-reduction) – requires:
- Class of shares (e.g., ordinary, preference).
- Nominal value of each share (KES).
- Number of shares issued.
- Total aggregate nominal value.
- Amounts paid/unpaid on each share.
4. Particulars of rights attached to shares – prescribed rights (e.g., voting, dividend, redemption).
5. Lodger’s details – name, address, capacity (director/secretary/agent), signature, and date

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Form CR35 - Statement of Capital with Respect to Reduction of Share Capital

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