Section 900 of the Companies Act requires firms seeking to be struck off the register of companies to furnish stakeholders, such as employees and creditors, with a copy of that application
Dream Dressing did not furnish the KRA with a copy of its application to be struck off the register, which Justice Namisi said was a violation of the law and used as grounds to order for the firm’s restoration
When Benjamin Franklin, one of the US founding fathers, said that only death and taxes are certain in life, the assumption was that the former coming first can save one from debts owed to Caesar.
But in a rare show of the permanency of taxes, a High Court judge has ordered for the resurrection of a company that has been dead nearly three years, to allow the Kenya Revenue Authority (KRA) chase a Sh125.8 million debt.
