Section 189 of The Companies Act No. 17 of 2015: What happens if approval is required under more than one provision

    

(1) An approval may be required under more than one section of this Division.
(2) If an approval is required under more than one section of this Division, thecompany shall comply with each applicable section.
(3) Subsection (2) does not require a separate resolution for the purposes ofeach provision.
(4) If a company fails to comply with subsection (2), the company, and each officer of the company who is in default, commit an offence and on conviction are each liable to a fine not exceeding five hundred thousand shillings.


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

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