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Form CR38 - Notice of Cancellation of Shares on Purchase of Own Shares by a Company

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DOCX
Pages
2
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Document Overview

Form CR38 – Notice of Cancellation of Shares on Purchase of Own Shares by a Company is the statutory form under Section 465 of the Companies Act, 2015 (Kenya).

It is used to notify the Registrar of Companies when a company cancels shares it has repurchased (bought back). This differs from CR37 (which reports the purchase itself) because CR38 is specifically for the cancellation step after purchase

Purpose:
1. To officially inform the Registrar that repurchased shares have been cancelled.
2. To update the company’s share capital records after cancellation.
3. Ensures compliance with Section 465(1) of the Act.
4. Maintains transparency for shareholders and the public on the company’s current issued capital
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