The Companies (Beneficial Ownership Information) Regulations, 2020, established through Legal Notice No. 12 dated 18th February 2020, requires all companies to maintain a register of beneficial owners.
According to the (Beneficial Ownership Information) Regulations, 2020 a “Beneficial Owner” is defined as the natural person who ultimately owns or controls a legal entity or arrangement or the person on whose behalf a transaction is conducted.
According to the Kenya Regulations, The beneficial owners’ register must be submitted to the Registrar of Companies using Form BOF1. Any changes to beneficial owners’ particulars should be reported using Form BOF2, and any cessation of beneficial ownership must be communicated via Form BOF3.
The Regulations that apply to a beneficial owner who, whether directly or indirectly are:

• Holding at least 10% of the issued shares, directly or indirectly.


• Holding at least 10% of the voting rights, directly or indirectly.


• The right to appoint or remove a director.


• Exercises significant influence or control over the company (meaning anyone who participates in the financial policies of the company without necessarily having full control of them).

A public benefit organization is defined in section 2 of the PBO Act to mean ‘a
Voluntary membership or non-membership grouping of individuals or organizations, which is autonomous, non-partisan, non-profit making and which is:

• Organized and operated locally, nationally or internationally


• Engages in public benefit activities


• Is registered as such by the Authority but excludes trade union, political parties and religious organizations’

A board charter is a policy document that clearly defines the respective roles, responsibilities and authorities of the board of directors (both individually and collectively) and management in setting the direction, the management and the control of the organization.

The Board Charter provides a concise overview of: the role and responsibilities of the board of directors; powers of the board and board committees; separation of roles between the Board and Management; and the practice of the board in respect of corporate governance matters.

Yes, Selego offers trademark services, and we collaborate with the Kenyan Intellectual Property Institute (KIPI) to ensure a smooth process for trademark registration and protection.