NAIROBI, KENYA: The Government has extended by six months deadline for submission of business ownership details to the end of July. “We had previously issued a deadline of January 31 2021. Having taken note of the progress made in filing these registers and in the spirit of encouraging compliance with the Companies Act, Business Registration Service (BRS) has in consultation with stakeholders granted a final grace period of six months ending July 31,” said Kenneth Gathuma Director General Business Registration Service. Read MoreThe disclosure of the beneficial ownership information is a positive exercise that will promote good governance and increase trust in Kenyan companies and ensure greater transparency of company ownership. This will also support the government in the fight against corruption, money laundering and financing of terrorism.

Source: Standard Digital January 27, 2021 11:03 UTC