Resignation as a director in a limited company in Kenya?
Every Private company in Kenya must have a Minimum of one Human Director.
When can a director resign in a company in Kenya.
A director may be removed or resign under the following circumstances,
- Resignation from office
- Removal
- Rotation
- Retirement
- Lack of capacity
Requirements for resignation of a director in Kenya
A director may resign or be removed as follows in Kenya.
Resignation by director in Kenya.
You will be required to file the following documentation within fourteen days:
- Letter of resignation;
- A statutory declaration confirming that the director is resigning voluntarily;
- Minutes of a meeting of the Directors noting the resignation
- Notice of Cessation of Office of Directors (Form CR 9).
- Affidavit of Resignation.
Removal of director in Kenya
You will be required to file the following documentation within fourteen (14) days:
- Copy of the twenty-eight days special notice served under sections 139(2) as read with 287 of the Companies Act or if it is not practicable to give that notice provide a copy of fourteen (14) day notice of the resolution advertised in a newspaper having a wide circulation in the area in which the company carries on business or in any other manner allowed by the company’s articles;
- Proof of service of a copy of the special notice from the company to the director giving the director at least twenty-one (21) days;
- Proof of service of notice for general meeting at least twenty-one (21) days for private company and at least fourteen (14) days for public company;
- Form CR 19 containing extract of minutes confirming quorum and removal; and
- Form CR 9 - Notice of cessation of office of director.
Removal of a director by Death
- Form CR 9 - Notice of cessation of office of director
- Copy of death certificate
Removal of Director by Insanity
- Form CR 9 - Notice of cessation of office of director
- Report under the Mental Health Act (Needs further review of the Mental Health Act)
Removal of director by Bankruptcy
- Form CR 9 - Notice of cessation of office of director
- Copy of the bankruptcy order issued under the Insolvency Act
Types of directors in Kenya
- Director without shares
- Director With shares.
Director Resignation in Kenya.
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