Public Limited Companies Under Kenya Company Law

Public limited companies under Kenya company law are registered companies that have a minimum number of seven members. Most public companies are initially private companies that are subsequently converted to public companies when they invite members of the public to subscribe to their shares and debentures.

There is a requirement under the Companies Act that when the membership of a private company exceeds fifty, then it must convert to a public company.Public companies are seldom used except in the case of companies quoted on the NairobiStock Exchange and for purposes related to the control of dealings in agricultural land. Even then, it is usual to incorporate as a private company and convert subsequently.