Form CR41 - Notice of Cancellation of Treasury Shares

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Document Overview

Form CR41 – Notice of Cancellation of Treasury Shares is a statutory form prescribed under Section 532 of the Companies Act, 2015 (Kenya).

It is used when a company has previously purchased its own shares and held them as treasury shares, but later decides to cancel them permanently. This reduces the issued share capital of the company.

Purpose:
1. To formally notify the Registrar of Companies that treasury shares have been cancelled.
2. To update the statement of capital so that the company’s records reflect the reduced issued capital.
3. Ensures compliance with Section 532 of the Companies Act, 2015, which requires public disclosure of such cancellations.
4. Protects shareholder and creditor transparency, since cancelled treasury shares cease to exist

Key Information Required
1. Company details – name and number.
2. Treasury share cancellation details –
- Class of shares (e.g., ordinary, preference).
- Number of shares cancelled.
- Nominal value of each share.
- Date(s) of cancellation.

3. Statement of Capital (post-cancellation) – requires:
- Class of shares.
- Nominal value per share.
- Number of shares in issue.
- Aggregate nominal value.
- Amounts paid/unpaid on shares.
4. Rights attached to each class of shares (voting, dividend, redemption, etc.).
5. Lodger’s details – name, address, signature, capacity (director/secretary/agent), and date

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Form CR41 - Notice of Cancellation of Treasury Shares

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