Section 626 of The Companies Act No. 17 of 2015: Companies excluded from the small companies regime
(1) The small companies regime does not apply to a company that is, or wasat any time within the financial year to which the financial statement relates—
(a) a public company; or
(b) a member of an ineligible group.
(2) A group is ineligible if any of its members is—
(a) a public company;
(b) a body corporate (other than a public company) whose shares are admitted to trading on a securities exchange or other regulated market in Kenya and the East Africa Community; or
(c) a company and its subsidiaries, which carries on co-operative society activities, micro finance activities, trade in insurance market or banking activity.
(3) A company is a small company for the purposes of subsection (2) if it qualified as a small company in relation to its last financial year ending on or before the end of the financial year to which its financial statement relates.
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