Ukudwelisa inkampani eKenya kubandakanya ukubeka izabelo kwiNairobi Securities Exchange (NSE). Ngokuchaseneyo nembono eqhelekileyo, ukudwelisa izabelo kwi-NSE akusoloko kubandakanya ukuthengisa izabelo ukuze kunyuswe inkunzi kodwa kunokwenziwa ukuphucula ulawulo lweshishini njengoko kuzisa amanqanaba aphezulu okuphonononga kwaye kungoko kufunwa amazinga aphezulu okuthotyelwa. Ukuthengisa izabelo ukunyusa inkunzi kubhekiselwa kuko njenge-Initial Public Offer (IPO), imali ephakanyiswayo kulo mba yaziwa kwangaphambili kwaye xa kungekho mali ifunwayo kwimarike kubhekiselwa kuyo njengoLuhlu ngeNtshayelelo.
Izizathu zokuba iinkampani zikhethe ukudweliswa kwi-NSE
Kukho izizathu ezininzi zokuba inkampani inokukhetha ukudwelisa kwiNairobi Securities Exchange ngaphandle kokunyusa imali eyinkunzi ebandakanya:
- Ukufikelela kwiimalike ezinkulu kwixesha elizayo: Iimalike zenkunzi zibonelela ngendlela esele ilungile yenkxaso-mali kwiinkampani, ezibenza bakwazi ukuqalisa ngezicwangciso zokukhula nokwandisa okanye ukuxhasa imali yabo yokusebenza ngokulula ngakumbi.
- Ukufunyaniswa kwexabiso lezabelo: Uluhlu luya kuvumela izabelo zenkampani ukuba zirhwebe kutshintshiselwano lwezabelo olusemthethweni, ngexabiso elimiselwe yimfuno yemarike kunye namandla okubonelela. Oku kuya kuvumela ukuveliswa koqikelelo lwemalike emiselweyo yenkampani.
- Ukwandisa ukungafihli kunye nobhengezo eluntwini: Xa inkampani idwelisa, ixhomekeke kummiselo kwaye kuya kufuneka ukuba iveze amaqhekeza athile olwazi oluluncedo kuluntu olutyala imali.
- Ukuphucula iindlela zolawulo lweshishini: Iinkampani ezidwelisiweyo kulindeleke ukuba zihambelane neenkqubo zolawulo lweshishini njengoko kumiselwe ngummiselo.
- Ukwandisa inkangeleko yenkampani: Iinkampani ezidwelisiweyo zikholisa ukwaziwa luluntu kwaye zijongwa njengezinto ezingafihliyo nezithembekileyo, ekubeni ziphumelele iimvavanyo ezibukhali zomlawuli. Oku kuya kunceda ukukhulisa ukuzithemba kwinkampani kwaye ivule iingcango kumthwalo wenqanawa wamathuba enokuthi iphonononge.
- Ukubonelela abanini-zabelo abasele bekho kwizabelo zabo: Nje ukuba izabelo zenkampani zidweliswe kutshintshiselwano, abaninizabelo banendlela yokuphuma kwizabelo zabo ngokuthanda kwabo kuluntu olutyala imali kwiimarike zenkunzi.
- Yenza kube lula kuyo ukuwela uluhlu kwezinye iintengiso: Nje ukuba inkampani sele idweliswe ngempumelelo kwi-stock exchange enye, kucingelwa ukuba sele idlulile kwiinkqubo zokuphononongwa kunye nenkuthalo efanelekileyo, kwaye idlule kuyo yonke inkqubo yoluhlu kube kanye, kungoko. inkqubo yokudweliswa kolunye utshintshiselwano iya kuba yindinisa encinci.
Amacandelo entengiso ye-NSE apho zidweliswa khona iinkampani
Imakethi ye-NSE ikhulile ukusukela oko yasekwayo ngo-1954. Ezona zinto zisandula ukwenziwa kukusetyenziswa kwe-GEMS, ukwaziswa kokurhweba ngemveliso, ii-REIT kunye nothsintshiselwano ngemali. Ngo-2001, i-NSE yahlulwahlulwa yangamacandelo amathathu entengiso ngohlobo lotyalo-mali kunye nohlobo lodidi lweeasethi, kwaye ngo-2013, icandelo lesine laziswa ukunika ii-SME ithuba lokufikelela kwiimarike ezinkulu kunye nokukhulisa amashishini abo.
a. Icandelo Lentengiso loTyalo-mali oluphambili (i-MIMS)
Eli licandelo eliphambili le-NSE apho uninzi lweenkampani zidweliswa. Ilungele iinkampani ezinkulu ezabakho kangangexesha elide njengoko zifuna ukungeniswa ubuncinci beminyaka emi-5 yemali ephicothiweyo, ezi-3 zazo kufanele ukuba zibe yinzuzo iminyaka; I-Ksh yezigidi ezingama-50 ezixabisa ngokupheleleyo imali eyabelweyo kunye ne-Ksh ezili-100 lezigidi zeeasethi.
b. Indawo yoTyalo-mali eNdisiweyo (AIMS)
Eli candelo lezentengiso lilungele bhetele iinkampani eziphakathi ezinobuncinci be-Ksh ezingama-20 ezigidi zee-asethi kunye ne-Ksh ezingama-20 ezigidi zeemali ezabelwe ngokupheleleyo ngexesha lokudweliswa.
c. Icandelo leMarike loKhuseleko loLondolozo lweNgeniso
Eli candelo lenzelwe ukubandakanya udweliso kunye nokuthengiswa kwemarike yesibini yecandelo lezemali ezingeneyo, ikakhulu ezihlanganisiweyo kunye nezibophelelo zikarhulumente.
d. Icandelo lokukhula kwamashishini (iGEMS)
I-GEMS yaziswa ukubonelela ngeqonga elilawulwayo apho ii-SMEs zinokufumana ukufikelela kwiimali zentengiso zexabiso eliphantsi kunye nokuxhamla kubume bolawulo oluzayo kunye nalo, ukukhuthaza ulawulo oluhlangeneyo kunye nokungafihlisi. Iimfuneko zayo zenziwa zangqongqo kakhulu ukuze kulungiselelwe iinkampani ezincinci zokukhula, ngeemfuno ezinje njengexabiso eliphantsi leasethi kunye nerekhodi yenzuzo efunekayo, ukuhanjiswa kweeakhawunti eziphicothiweyo zonyaka nje owandulelayo lonyaka wokudweliswa, kunye nobuncinci be-Ksh 10 yezigidi kwi ihlawulwe imali eyabelweyo.
Iindlela iinkampani ezinokuthi zidweliswe kuluhlu lweentengiso ezahlukeneyo
Nasi isishwankathelo sendlela iinkampani ezinokuthi zidweliswe ngayo kuluhlu lweentengiso.
a. Uncedo lokuqala loLuntu (i-IPO)
Olu luhlobo oluqhelekileyo loluhlu kunye nolunye oluqhele ukwenziwa ngendlela engeyiyo njengeyona ndlela inkampani inokuthi idwelise kwi-stock exchange. I-IPO ibandakanya inkampani ekhupha izabelo ezitsha ngelixa idweliswa kuthengiso lwesitokhwe olukhethiweyo oluya kukhokelela kwiseti entsha yezabelo ezivela kuluntu ethenga izabelo ngexabiso lesabelo elichaziweyo, yiyo loo nto inkampani inyusa imali enkulu kulomsebenzi.
b. Uluhlu ngokwazisa
Olu luhlu lwenzeka xa inkampani ithatha izabelo zayo kwaye idwelise kunaniselwano. Ngenxa yokuba le nkampani idwelisa uluhlu lwezabelo esele ihlawulelwe ngokupheleleyo, injongo yokudweliswa kokuziswa ayisiyi kukhulisa imali ngokukhawuleza, kodwa bakwazi ukwenza oko ngomhla olandelayo xa inkampani ifuna imali. Inika kuphela inkampani imeko elawulwayo ngaphakathi yokusebenza kuyo kunye neqonga lokurhweba izabelo kunye nabatyali zimali zikarhulumente kwiimarike ezinkulu.
c. Uluhlu olunomnqamlezo
Oku kwenzeka xa inkampani esele idwelisiwe kuthengiselwano lwesitokhwe esinye igqiba ekubeni idwelise kwenye i-stock exchange ukuze ibe nomgangatho omkhulu wokufikelela kulawulo-mali ukusuka kulawulo olwahlukileyo kunye nabatyali-mali abohlukeneyo.
d. Ukubuyela kuluhlu kwakhona
Olu luhlobo olunqabileyo lwesicwangciso sokudweliswa apho inkampani engabhaliswanga kulo naluphi na utshintshiselwano ethengiweyo kwinkampani edwelisiweyo kwaye idweliswa ngokuzenzekelayo ngenxa yotshintshiselwano. Yinto eqhelekileyo xa inkampani efuna ukufikelela kwiimarike ezinkulu ikwafuna ukunqanda ixesha kunye neendleko ezichithwe kuluhlu oluqhelekileyo.
Ukuvunywa koluhlu
IGunya leeMarike zeMpahla liza kunika imvume yokudweliswa kuzo zonke izibonelelo zikawonke-wonke kunye noluhlu lwezinto ezikhuselekileyo kulo naluphi na utshintshiselwano olukhuselekileyo eKenya. Utshintshiselwano ngeziKhuselo lunokuvuma ukudweliswa kokhuseleko kwiCandelo loKwazisa ngeMveliso yoLuntu ukuba olo khuseleko alunikiwanga eluntwini kwaye uluhlu lukhona ngendlela yokwazisa.
Ukuqwalaselwa okubalulekileyo ngaphambi koluhlu
Nazi iingqwalasela ekufuneka uzithathe phambi koluhlu.
a. Ukuqeshwa koMcebisi weTransekshini okanye uMcebisi oNyuliweyo
- Nayiphi na inkampani eceba ukunikezela ngezibambiso zayo kuluntu okanye icandelo likawonke-wonke kufuneka ukuba yonyule umcebisi wentengiselwano oya kuba noxanduva lokuqinisekisa ukuba unikezelo lwezibambiso lwenziwa ngokungqinelana noMthetho kunye nemimiselo ekhutshwe apho phantsi kwe-(Reg 5A. (1)).
- Umniki-nkonzo ofuna ukudweliswa kwiCandelo leMarike yokuKhula kufuneka atyumbe uMcebisi oMiselweyo ngesivumelwano esibhaliweyo kwaye uya kuqinisekisa ukuba unoMcebisi oMnyuliweyo ngamaxesha onke. Umcebisi otyunjiweyo ulindeleke ukuba acebise kwaye akhokele umniki-mali ekusetyenzisweni kweemfuno zoluhlu lweCandelo leMarike ye-Growth Enterprise kwaye alawule ukungeniswa kwengxelo yoluhlu kunye nawo onke amanye amaxwebhu kwi-Securities Exchange kwaye aqinisekise ukugqibelela nokuchaneka kwayo ngaphambi kokungeniswa. (Reg 10A. (1)).
b. Ukuqwalaselwa kolawulo oluhlanganisiweyo
- Inkampani kufuneka ubuncinane ibe nesithathu kwiBhodi njengabalawuli abangengabo abalawuli.
- Inkampani kufuneka iseke ikomiti yophicotho-zincwadi ngokuthobela izikhokelo zolawulo lweshishini ezikhutshwe nguGunyaziwe weeMarike zeNkunzi.
- USihlalo wenkampani akayi kubamba isikhundla esinjalo kwiinkampani ezidwelisiweyo ezingaphezu kwesibini nangaliphi na ixesha, ukuze kuqinisekiswe ukuthatha inxaxheba okusebenzayo kwibhodi.
- Igosa eliyintloko lezemali kunye nentloko yesebe locwangciso-mali iya kuba ngamalungu eZiko leeCwangciso zoCwangciso-mali zikaRhulumente elisekwe phantsi koMthetho wabaCwangcisi mali.
- Unobhala wenkampani yakhe wonke umkhuphi uya kuba lilungu leZiko loonoBhala abaQinisekisiweyo baseKenya elisekwe phantsi koMthetho woonoBhali abaqinisekisiweyo baseKenya.
- Umphicothi-zincwadi wenkampani kufuneka abe lilungu leZiko loLuntu oluQinisekisiweyo.
- Abacwangcisi mali kwaye baya kuthobela iMigangatho yeHlabathi yoPhicotho-zincwadi.
c. Olunye uqwalaselo lokudweliswa kwangaphambili
- Inkampani kufuneka iphonononge iMemorandam kunye neMiqathango yoMbutho ukuze ihambelane nezikhokelo malunga nezenzo zolawulo lweshishini ziiNkampani zoLuhlu loLuntu eKenya njengoko kumiselwe nguMthetho weeMarike zeNkunzi.
- Inkampani kufuneka ibe nerejista yenkampani eya kugcina irejista yabaninizabelo benkampani.
- I-Articles of Association yenkampani kufuneka ilungiswe ukuze ihambelane ne-Central Depository (Operation) Rules kunye noMthetho we-Central Depositories Act, 2000 ngokumalunga nemimiselo enxulumene nezibambiso ezingenakunyakaziswa.
d. Olunye ulwazi lokudweliswa (Kuyasebenza kuwo onke amacandelo emakethi)
- Izazisi zabalawuli, abaphathi abaphezulu nabacebisi (okt, abantu abanoxanduva lwengcaciso ebhengeziweyo).
- Nika izibalo kunye nethayimthebhile elindelekileyo.
- Ulwazi malunga nomniki.
- Uphononongo lokusebenza kunye nezezimali kunye neprospectus (uphuhliso lwakutsha nje kunye nemibono yeqela).
- Abalawuli kunye nabasebenzi.
- Abaninizabelo abakhulu kunye neentengiselwano zeqela elinxulumeneyo.
- Ulwazi lwemali.
- Unikezelo kunye noluhlu.
- Abathengisi.
Iimfuno ezifanelekileyo zokubonelela kuluntu ngezabelo kunye noluhlu
Imfuneko | Iikhrayitheriya zecandelo eliphambili lotyalo mali | Iikhrayitheriya zecandelo lemarike yotyalomali eyenye | Iimpawu zokukhula kwecandelo lentengiso |
Imeko yokufakwa ngaphakathi | Inkampani kawonke-wonke ekhawulelwe zizabelo kwaye ibhaliswe phantsi koMthetho weeNkampani (Cap. 486 weMithetho yaseKenya). | ||
Yabelana ngemali eyinkunzi | Ubuncinci obugunyazisiweyo obukhutshiweyo kwaye buhlawulwe ngokupheleleyo inkunzi yesabelo esiqhelekileyo esizizigidi ezingamashumi amahlanu eerandi. | Ubuncinci obugunyazisiweyo obukhutshiweyo kwaye buhlawulwe ngokupheleleyo inkunzi yesabelo esiqhelekileyo esizizigidi ezingamashumi amabini eerandi. | Umniki uya kuba nesabelo esisemthethweni esigunyazisiweyo nesihlawulwe ngokupheleleyo esizizigidi ezilishumi zeeshiling; kwaye lowo ukhuphayo kufuneka abe nezabelo ezingekho ngaphantsi kwekhulu lamawaka kwinkupho. |
Iimpahla zeNet | Ii-asethi ezisalelayo ngokukhawuleza phambi kokunikezelwa koluntu okanye ukudweliswa kwezabelo akufuneki zibe ngaphantsi kwekhulu lesigidi seeshili. | Ii-asethi ezisalelayo ngokukhawuleza phambi konikezelo lukawonke-wonke okanye ukudweliswa kwezabelo akufuneki zibe ngaphantsi kweeshilingi ezizigidi ezingamashumi amabini. | N / A |
Ukuhanjiswa simahla kwesabelo | Izabelo eziza kudweliswa ziya kudluliselwa ngokukhululekileyo kwaye zinokuxhomekeka nakweziphi na izithintelo kwintengiso okanye nawaphi na amalungelo okukhetha. | ||
Ukufumaneka nokuthembeka kweerekhodi zemali | Umniki-mali uya kuba neengxelo zemali eziphicothiweyo ezithobela iMigangatho yeNgxelo yezeMali yaMazwe ngaMazwe (IFRS) kwixesha lobalo-mali eliphela ngomhla ongekho ngaphezu kweenyanga ezine ngaphambi komhla ocetywayo wonikezelo okanye uluhlu lwabaniki-zibambiso ezingadweliswanga kutshintshiselwano lwezibambiso. , kunye neenyanga ezintandathu kubaniki-zibambiso zabo zidweliswe kwi-securities exchange. Umniki-mali makabe nengxelo yemali yeli xesha lobalo-mali lamva nje ngokwenkxalabo eqhubekayo kwaye ingxelo yophicotho-zincwadi mayingabi nalugxininiso lomba okanye isiqinisekiso malunga noku. | N / A | |
Ubuchule kunye nokufaneleka kwabalawuli nabaphathi | Ngomhla wokwenziwa kwesicelo, umniki-nkonzo akufuneki aphule nayiphi na iminqophiso yemali-mboleko ingakumbi ngokumalunga nobungakanani betyala. Njengoko kumhla wokufaka isicelo kunye nesithuba seminyaka emibini ubuncinci phambi komhla wesicelo, akukho mlawuli womkhuphi uya kuba naso nasiphi na isikhalazo phantsi kwemithetho yokubhanga okanye yokungakwazi ukuhlawula amatyala kulo naliphi na igunya elilindelekileyo okanye elisongelwa ngakuye nawuphi na umlawuli (kubantu ngabanye) , okanye naluphi na uxwebhu lwezikhalazo eziphelisayo olusalindelweyo okanye olusongelwa ngokuchasene nalo (lweemibutho yoshishino) - naziphi na izimangalo zolwaphulo-mthetho apho umlawuli waye wabanjelwa ubuqhophololo okanye naliphi na ityala lolwaphulo-mthetho, okanye libizwe ngokuba ngumxholo wetyala elilindelekileyo lolwaphulo-mthetho, okanye naliphi na elinye ityala okanye inyathelo. ngaphakathi okanye ngaphandle kweKenya; okanye ube ngumxholo waso nasiphi na isigwebo senkundla enegunya lolawulo okanye naliphi na iqumrhu likarhulumente kulo naliphi na igunya, elithintela ngokusisigxina okanye okwethutyana umlawuli ukuba asebenze njengomcebisi wotyalo-mali okanye njengomlawuli okanye umsebenzi womthengisi, umthengisi, okanye nayiphi na inkonzo yemali. iziko okanye ukuzibandakanya kulo naluphi na uhlobo lwesenzo soshishino okanye umsebenzi kuloo ndawo. Umniki-nkonzo kufuneka abe nabaphathi abaphezulu abafanelekileyo abanamava afanelekileyo ubuncinci unyaka omnye phambi koluhlu, akukho namnye kubo oya kuba wenze ityala elibi kulo naliphi na igunya elinokuthi lithathwe njengelingafanelekanga kulawulo lwenkampani ekuluhlu. Umniki-nkonzo uya kuqinisekisa ukugcinwa okuqhubekayo kwabalawuli abafanelekileyo ngexesha lokudweliswa kwaye akukho tshintsho kulawulo lweenyanga ezilishumi elinesibini emva kokudweliswa ngaphandle kwesizathu solwaphulo-mthetho olunobuzaza olunokuthi luthatyathwe njengelichaphazela imfezeko okanye lungafanelekanga kulawulo lwabadwelisiweyo. inkampani. Umniki-nkonzo kufuneka abe nesinye kwisithathu ubuncinane seBhodi njengabalawuli abangekho kwisigqeba solawulo. | Umnikeli kufuneka ubuncinci babe ngabalawuli abahlanu, ubuncinci kwisithathu seBhodi njengabalawuli abangengabo abaphetheyo kumhla wesicelo kwaye kangangesithuba seminyaka emibini ubuncinci phambi komhla wesicelo: Naluphi na uxwebhu lwezikhalazo oluphantsi kwemithetho yokutshona okanye yokutshona kulo naliphi na igunya lolawulo elilindileyo okanye eligrogriswa ngakuye nawuphi na umlawuli (eyabantu ngabanye), okanye nasiphi na isikhalazo esisongayo esisalindelweyo okanye esoyikiswa ngaso (kumaqumrhu oshishino). Naziphi na iinkqubo zolwaphulo-mthetho apho umlawuli waye wagwetyelwa ubuqhophololo okanye naliphi na ityala lolwaphulo-mthetho, okanye abizwe ngokuba ngumxholo wetyala elilindelekileyo lolwaphulo-mthetho, okanye naliphi na elinye ityala okanye isenzo ngaphakathi okanye ngaphandle kweKenya. Ube ngumxholo waso nasiphi na isigwebo senkundla enegunya lolawulo okanye naliphi na iqumrhu likarhulumente kulo naliphi na igunya, elithintela ngokusisigxina okanye okwethutyana umlawuli ukuba asebenze njengomcebisi wotyalo-mali okanye njengomlawuli okanye umsebenzi womthengisi, umthengisi, okanye naliphi na iziko lenkonzo yezemali. okanye ukubandakanyeka kulo naluphi na uhlobo lwesenzo soshishino okanye umsebenzi kuloo ndawo. Abalawuli kunye nabaphathi abaphezulu bomenzi-sicelo kufuneka ngokudibeneyo babe nobuchule obufanelekileyo kunye namava olawulo nolawulo lomfaki-sicelo kunye neshishini lakhe. Iinkcukacha zobo buchule namava kufuneka zibhengezwe kuzo naziphi na iinkcukacha zoluhlu ezilungiselelwe ngumfaki-sicelo. “Ubuchule obufanelekileyo namava aya kuthetha ubuncinci unyaka wamava kwishishini lomfaki-sicelo, okanye apho umfaki-sicelo engenarekhodi langaphambili, amava kushishino olufanayo”. Isinye kwisithathu sabalawuli kufuneka sibe siyigqibile iProgram yoKwenziwa kwaBalawuli (DIP) phambi kokufakwa kuluhlu kwaye intsalela mayigqibe okufanayo zingaphelanga iinyanga ezintandathu emva kokufakwa kuluhlu. Umniki-nkonzo uya kuqinisekisa ukugcinwa okuqhubekayo kwabalawuli abafanelekileyo ngexesha lokudweliswa kwaye akukho tshintsho lolawulo kwisithuba seenyanga ezilishumi elinesibini emva kokudweliswa ngaphandle kwesizathu solwaphulo-mthetho olunobuzaza olunokuthi luthatyathwe njengelichaphazela imfezeko okanye lungafanelekanga kulawulo lwenkampani ekuluhlu. . | |
Umgaqo nkqubo | Umniki-nkonzo kufuneka abe nomgaqo-nkqubo ocacileyo wesahlulo sexesha elizayo. | N / A | |
Ukurekhoda umkhondo, inzuzo kunye nethemba elizayo | Umniki-nkonzo kufuneka abe ubhengeze iingeniso emva kwerhafu eyayalelwa kubanini-zabelo ubuncinane kwizihlandlo ezithathu kwezihlanu zokugqibela zocwangciso-mali ukuya kumhla wonikezelo. | Umniki-nkonzo kufuneka ebekhona kumgca omnye weshishini iminyaka emibini ubuncinane ekufuneka ibonise inzuzo enesakhono sokukhula esilungileyo. | N / A |
Isolvency kunye nokwanela kwemali yokusebenza | Lowo ukhuphayo akufuneki abe netyala. Umniki-nkonzo kufuneka abe nemali eyaneleyo yokusebenza. | Lowo ukhuphayo akufuneki abe netyala. Umniki-nkonzo kufuneka abe nemali eyaneleyo yokusebenza. Abalawuli boMniki-ncwadi baya kunika uluvo malunga nokwanela kwenkunzi yokusebenza kangangeenyanga ezilishumi elinesibini ngokukhawuleza emva kokunikezelwa kwesabelo, kwaye abaphicothi-zincwadi bomniki-ncwadi baya kuqinisekisa ngokubhala ukufaneleka kwaloo mali. | |
Yabelana ngobume bobunini | Kulandela unikezelo lwesabelo sikawonke-wonke okanye ngokukhawuleza phambi kokufakwa kuluhlu kwimeko yentshayelelo, ubuncinane amashumi amabini anesihlanu epesenti yezabelo zezabelo kufuneka zigcinwe ngabaninizabelo abangekho ngaphantsi kwewaka ngaphandle kwabasebenzi bomnikezi. Kwimeko yoluhlu ngentshayelelo, umniki-nkonzo uya kuqinisekisa ukuba abaninizabelo abakhoyo, abantu abanxulumeneyo okanye elinye iqela labaninizabelo abalawulayo abanempembelelo kulawulo baya kwenza isibhambathiso sokungabuthengisi ubunini-zabelo babo phambi kokuphela kwexesha lamashumi amabini- kwiinyanga ezine ezilandela ukudweliswa kwaye eso senzo siya kubhengezwa kwiMemorandam yoLwazi. | Ukulandela unikezelo lwesabelo sikawonke-wonke okanye ngokukhawuleza phambi kokufakwa kuluhlu kwimeko yentshayelelo, ubuncinci amashumi amabini epesenti yezabelo kufuneka zigcinwe ngabaninizabelo abangekho ngaphantsi kwekhulu ngaphandle kwabasebenzi bomnikeli okanye amalungu osapho lwabaninizabelo abalawulayo. Akukho mtyali-zimali uya kubamba ngaphezulu kweepesenti ezintathu zezabelo zamashumi amabini eepesenti. Umniki-zabelo kufuneka aqinisekise ukuba abanini-zabelo abakhoyo, abantu abanxulumeneyo okanye elinye iqela labaninizabelo abalawulayo abanempembelelo kulawulo baya kunika isibophelelo kwiGunya sokuba singazithengisi iizabelo zabo phambi kokuphela kwethuba leenyanga ezingamashumi amabini anesine emva kokudweliswa kunye nolo hlobo. Isivumelwano siya kuchazwa kwiMemorandam yoLwazi. | Umniki-nkonzo kufuneka aqinisekise ubuncinane ishumi elinesihlanu leepesenti zezabelo ezikhutshiweyo (kungabandakanywa ezo ziphethwe ngumnini-sabelo olawulayo okanye abantu abanxulumene okanye ababambeleyo kunye naye; okanye aBaphathi abaPhezulu benkampani) bayafumaneka ukuze barhwebezwe luluntu. Umniki-nkonzo uya kuyeka ukuba selungelweni lokufakwa kuluhlu ekupheleni kweenyanga ezintathu zomhla wodweliso, ukuba izibambiso ezikhoyo kurhwebo luluntu zigcinwe ngabaninizabelo abangaphantsi kwamashumi amabini anesihlanu (ngaphandle kwabo babanjwe ngumnini-zabelo olawulayo okanye abantu abanxulumeneyo okanye ukusebenza ngekonsathi kunye naye, okanye aBaphathi abaKhulu benkampani). Umniki-zabelo kufuneka aqinisekise ukuba abaninizabelo abakhoyo, abantu abanxulumeneyo okanye elinye iqela labaninizabelo abalawulayo abanempembelelo kulawulo baya kwenza isibophelelo ngokwemiqathango evumelana neGunya kunye neSecurities Exchange ethintela ukuthengiswa kwenxalenye okanye lonke ulwabelo lwabo phambi kokuba Ukuphelelwa kwethuba leenyanga ezingamashumi amabini anesine emva kokufakwa kuluhlu kwaye eso senzo siya kubhengezwa kwingxelo yoluhlu. |
Uluhlu oludwelisiweyo aluzukubakho | N / A | N / A | Zonke izabelo ezikhutshiweyo mazidipozithwe kwindawo yokugcina imali esekwe phantsi koMthetho oyiCentral Depositories Act, 2000 (No. 4 ka-2000). |
Umcebisi otyunjiweyo | N / A | N / A | Umniki-nkonzo makatyumbe uMcebisi otyunjiweyo ngokwemvumelwano ebhaliweyo kwaye makaqinisekise ukuba unoMcebisi otyunjiweyo ngalo lonke ixesha. |
Ngaphandle kwemigaqo yoluhlu
Imigaqo yoluhlu ayiyi kusebenza ku:
a. URhulumente waseKenya
Ukukhuseleka okhutshwe nguRhulumente waseKenya okanye iqumrhu elisekwe phantsi kwawo nawuphi na umthetho obhaliweyo eKenya ngaphandle komthetho weeNkampani.
b. Ukunikezelwa ngasese
Ngenjongo yale Migaqo, unikezelo lwezibambiso luya kuthathwa njengonikezelo lwabucala kwaye ngokufanelekileyo luya kuthathwa njengolunikezelo kuluntu lwaseKenya ukuba, ukuya kuthi ga kwinqanaba lokuba isithembiso senziwe kubantu baseKenya phantsi kwale miqathango ilandelayo ( Reg 21. (1)):
- Izibambiso zinikezelwa kubantu abangekho ngaphezu kwekhulu.
- Izibambiso zinikezelwa kumalungu eklabhu okanye umbutho (nokuba awubandakanyi okanye awubandakanyi) kwaye amalungu anokuthi athathwe ngokufanelekileyo njenganomdla omnye komnye kunye neklabhu okanye umbutho kwimicimbi yeklabhu okanye yombutho kwaye kwintoni na. kufuneka kwenziwe ngemali efunyenweyo.
- Izibambiso zinikezelwa kwisangqa esiqingqiweyo sabantu lowo umniki-nkonzo akholelwa ngokufanelekileyo ukuba banolwazi olwaneleyo lokuqonda iingozi ezibandakanyekayo ekwamkeleni isithembiso.
- Izibambiso zezenkampani yabucala kwaye zibonelelwa yile nkampani ukuba:
- Amalungu okanye abasebenzi benkampani.
- Amalungu eentsapho zawo nawaphi na amalungu okanye abasebenzi abanjalo. Amalungu osapho lomntu ngumyeni okanye inkosikazi yomntu, umhlolokazi okanye umhlolokazi nabantwana (kubandakanywa abantwana bomtshato wesibini) kunye nenzala yabo, kunye naye nawuphi na umntu othenjwa (obambe isikhundla sakhe njengonjalo) wetrasti umxhamli oyintloko ibe ngumntu ngokwakhe okanye ngokwakhe, okanye nasiphi na kwezo zizalwane.
- Izibambiso zinikezelwa kwisangqa esiqingqiweyo sabantu lowo umniki-nkonzo akholelwa ngokufanelekileyo ukuba banolwazi olwaneleyo lokuqonda iingozi ezibandakanyekayo ekwamkeleni isithembiso.
- Ubuncinci umrhumo wokhuseleko lomfaki-sicelo ngamnye awukho ngaphantsi kweeShillings zaseKenya ikhulu lamawaka (Ksh 100,000).
Ukuqhubeka koxanduva
- Wonke umniki onezibambiso ezinikezelwe eluntwini uya kuthobela izibophelelo eziqhubekayo ezichazwe kwiShedyuli yeSihlanu ngokunxulumene necandelo lemarike elibandakanyekayo (uMgaqo we-19. (1)).
- Ngokunxulumene nesibophelelo esiqhubekayo sokubhengeza ulwazi, umkhuphi uya kwenza ukubhengezwa koluntu ngokukhawuleza kolwazi olunokuthi ngokufanelekileyo lulindeleke ukuba lube nempembelelo ebonakalayo kumsebenzi wemarike kumaxabiso, izibambiso zayo (Reg 19. (2)).
- Ulwazi olufunekayo ukuba lubhengezwe phantsi kwale Migaqo luya kubhengezwa kwiiyure ezingamashumi amabini anesine zomsitho, ngaxeshanye kwiGunya, utshintshiselwano ngezibambiso apho izibambiso zomniki zidweliswe khona, ukuba ziyasebenza, nakuluntu ngeeyure ezingezizo ezorhwebo. icandelo lemarike elichaphazelekayo (Reg 19. (3)).
Umgaqo-nkqubo kunye nerhafu yokukhuthaza irhafu
- Ukupheliswa koMrhumo weSitampu ohlawulwa kwinkunzi yesabelo okanye ukonyuswa kwenkunzi yesabelo senkampani edweliswe kwiNairobi Stock Exchange. (2007).
- Iindleko zomthetho kunye nezinye iindleko ezingalindelekanga ezinxulumene nokuqaliswa kwezabelo (xa inkampani idwelisa isabelo sayo ngaphandle kokunyusa inkunzi) itsalwa irhafu yenkampani. (2006).
- Ukuqala ngoJanuwari 1, 2003, iinkampani ezisanda kufakwa kuluhlu zihlawula irhafu yequmrhu eliphantsi lama-25% (okt, ipesenti ezi-5 zamanqaku angaphantsi kwerhafu yequmrhu eliqhelekileyo lama-30%) kwisithuba seminyaka emi-5 elandela uluhlu lwazo. Umthetho omtsha usebenza kwiinkampani ezidadayo ubuncinane kwi-30% yesabelo sazo esiyinkunzi kuluntu. (2002).
- Isabelo senkunzi entsha nesandisiweyo ziinkampani ezidwelisiweyo okanye abo bafuna ukudweliswa bakhululwe kuxanduva lwesitampu. (2000/2001).
- Ukucuthwa kwerhafu yokubamba esetyenziswa kwingeniso yesahlulo evela kutyalo-mali kwizibambiso ezidwelisiweyo kubatyali-zimali balapha ekhaya nabangaphandle. I-10% yamazwe angaphandle; Local 10% to7.5% to 5%. (1995/96/97).
- Ukukhululwa kwirhafu yesitampu kunye nexabiso lerhafu eyongeziweyo ekugqithiseni izibambiso ezidwelisiweyo. (1995).
- Iindleko zee-IPOs zenziwe ukuba zitsalwe irhafu. (1995).
Izizathu zokuba iinkampani zingavumeli ukuba zidweliswe kwi-NSE
Sikubonile nje ukuba kudweliswe ulingano ezimbalwa kwi-NSE kule minyaka idlulileyo, into enokuthi yenziwe:
- Inkqubo yoluhlu olude noludinisayo: Iinkampani zibe nemingeni edweliswe kwi-NSE ngenxa yenkqubo ende nedinisayo eyithathayo ukudwelisa kutshintshiselwano.
- Iindleko ezenziweyo: Iindleko ezibandakanyeka kuluhlu lokuqala yintlawulo yokuqala yoluhlu kunye neentlawulo ezenziwa kubo bonke abacebisi bentengiselwano phakathi kwezinye, kwaye ezi zijongwa kakhulu yinkampani ngaphambi kokuba kuthathwe isigqibo sokuqhubeka. Ngamanye amaxesha, ezi ndleko zinokuba phezulu kakhulu ngakumbi kwiinkampani ezincinci.
- Ukumiselwa okubanzi kunye nokuhlolwa: Ezinye iinkampani ezingadweliswanga ziyakuphepha ukudwelisa kurhwebo lwezabelo ngenxa yemeko engqongqo yolawulo, uphononongo olubanzi kunye nenkqubo yonyameko olufanelekileyo kunye nobungakanani bokungafihli kunye nolawulo lweshishini ekufuneka kuthotyelwe kulo ziinkampani ezidwelisiweyo. Oku kuchaphazela kakhulu iinkampani ezincinci ezizezosapho olukhulu nezilawulwayo.