Form CR40 - Notice of Sale or Transfer of Treasury Shares

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Document Overview

Form CR40 – Notice of Sale or Transfer of Treasury Shares is the statutory form prescribed under Section 530 of the Companies Act, 2015 (Kenya).

It is used when a company has previously purchased its own shares and held them as treasury shares, and then decides to sell or transfer those treasury shares.

This form provides notice to the Registrar of Companies of such sale or transfer.

Purpose:
1. To formally notify the Registrar whenever treasury shares are sold or transferred.
2. To maintain accurate public records of a company’s share capital and movements of treasury shares.
3. Ensures compliance with Section 530 of the Companies Act, 2015, which regulates treasury share transactions.
4. Helps protect shareholder and creditor transparency, since treasury shares can be re-issued into the market or transferred to employees/investors

Key Components:
1. Company details – name and registration number.
2. Treasury share transaction details –
- Class of shares (ordinary, preference, etc.).
- Number of treasury shares sold or transferred.
- Nominal value of each share.
- Date(s) when the shares were sold or transferred.
3. Lodger’s details – name, address, signature, capacity (director, secretary, or authorised agent), and dat

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Form CR40 - Notice of Sale or Transfer of Treasury Shares

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