Upon the coming into force of this Act, all companies, enterprises, goodwill, assets, real estate and persons, instruments, decisions in action, claims, demands, rights and privileges that then belong to the factory or are used for its purposes will be and will be the property of the Company and may belong to the Company in the same manner and to the same extent as they could or could, be detained, possessed, appreciated, used, exercised, executed and executed. were approved by the board of directors of the plant if such legislation had not been passed, notwithstanding the fact that the ownership, instruments, decisions in action, claims, demands, rights or privileges were not assignable or transferable under any law or agreement or otherwise, without the consent of any person or at all. The Board of Directors of the Pork Industry or its duly designated representative has the right to vote at any general meeting of the Company on all shares held by the Board of Directors of the Pork Industry. No one has the right to require a shareholder of the Company to have an agreement of that shareholder to vote at a general meeting of the Company, as any person may order, notwithstanding any legal norm or equity to the contrary. In this Act, unless the context indicates otherwise – With the coming into force of this Act, a company called Uplands Bacon Factory (Kenya) Limited is formed and now exists as a joint-stock company with shares incorporated under the Companies Act (Cap. 486). Any resolution of the Hog Industry Council, held independently by all common shares of the Corporation with respect to matters relating to the affairs of the Corporation and in which no other shareholder has provisional voting rights, shall, notwithstanding anything to the contrary in the Companies Act (c. 486) or the Articles of the Corporation, be valid and effective for all purposes as if it were a special extraordinary or ordinary resolution of the Company (each on a case-by-case basis) duly adopted at a duly convened and held general meeting of the Company. Offshore Investments AfricaGet professional offshore start-up and migration services from GIA. Build an offshore company with guaranteed bank accounts, offshore incorporation, business permit. This act can be cited as the Uplands Bacon Factory Act. Notes contains useful details on company law.
Power of the Board of Directors. The board of directors in company law is the supreme administrative body of a company. Section 179 of the Companies Act 2013 states. Upon the coming into force of this Act, the Company shall immediately become liable for all the responsibilities and obligations of the Board of Directors of the Plant, and any person who, at that time, had any charges, decisions, proceedings, demands or rights against the Board of Directors of the Plant or any of the property associated with the Plant shall have the right to impose them on the Company and such property. in the same way and to the same extent that that person could or could have applied it against the board of directors of the plant and of that property if this law had not been adopted. Articles 33 and 111 and Article 219(d) of the German Law on Joint Stock Companies (Number 486) do not apply to the company. Notwithstanding any provisions to the contrary in the Stamp Duty Act (Chapter 480), no stamp duty is payable on the initial or increased capital of the company. An Act of Parliament to provide for the establishment of the Uplands Bacon Factory (Kenya) Limited. Notwithstanding what is contained in the Companies Act (chapter 486), the Articles of the Corporation are the articles, which may be approved from time to time by the Minister, and the articles, notwithstanding any provisions to the contrary in the Companies Act, may be amended from time to time by special decision of the Corporation in such a manner and to the extent that the Minister may then agree thereto.
Except as otherwise provided herein, the Corporation is subject to all provisions of the Companies Act (c. 486).