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Section 186 of The Companies Act No. 17 of 2015: Exception for small payments

    

(1) An approval is not required under section 182, 183 or 184 if—
(a) the relevant payment is made by the company or any of its subsidiaries; and
(b) the amount or value of the payment, together with the amount or value of any other relevant payments, does not exceed thirty thousand shillings.
(2) For the purpose of subsection (1), "other relevant payments" are payments for loss of office in relation to which the relevant conditions are satisfied.
(3) If the payment is one to which section 182 applies, the relevant conditions are that the other payment was or is paid—
(a) by the company making the relevant payment or any of its subsidiaries;
(b) to the director to whom that payment is made; and
(c) in connection with the same event
(4) If the payment is one to which section 183 or 184 applies, the conditions are that the other payment was, or is, paid in connection with the same transfer—
(a) to the director to whom the relevant payment was made; and
(b) by the company making that payment or any of its subsidiaries.

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Disclaimer: This document is not to be taken as legal advise.

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