AN IMPLEMENTATION OF LIMITED LIABILITY SINGLE SHAREHOLDER COMPANY IN TANZANIA: EXAMINATION OF LAWS AND PRACTICE

This article examines the laws governing implementation of limited liability single shareholder company in Tanzania. It was established in Tanzania since 2012 after companies Act being amended to include single shareholder company. its implementation depends on the regulation made by the minister responsible. Regulation which was made in 2014 require registrar to establish register for single shareholder company in Tanzania which are never established. There some challenges which encounter it delay which including economic reason, administrative challenges, lack of political will as well as legal challenges. It also recommended in this article different action to be taken in order to ensure immediate implementation.